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Latitude Group Holdings Ltd. ( (AU:LFS) ) has shared an announcement.
Latitude Group Holdings has launched an offer of Capital Notes 2, a new issue of convertible subordinated perpetual securities aimed at raising $130 million, with flexibility to increase or decrease the size of the raising. The securities are unsecured, carry no guarantee from Latitude or its group entities, and are being distributed under Australia’s Design and Distribution Obligations regime via a network of syndicate brokers.
The prospectus outlines that Capital Notes 2 are complex instruments intended only for investors within a defined target market and must be applied for through participating brokers during the offer period. The transaction also supports a reinvestment offer for existing Capital Notes 1 holders, underscoring Latitude’s ongoing use of hybrid capital to diversify funding sources and manage its capital structure.
The most recent analyst rating on (AU:LFS) stock is a Hold with a A$0.95 price target. To see the full list of analyst forecasts on Latitude Group Holdings Ltd. stock, see the AU:LFS Stock Forecast page.
More about Latitude Group Holdings Ltd.
Latitude Group Holdings Limited is a financial services provider operating in Australia, offering consumer finance products such as credit solutions and related lending services. The company taps capital markets through listed securities to support its funding base and ongoing growth in its lending and payments activities.
Average Trading Volume: 67,788
Technical Sentiment Signal: Sell
Current Market Cap: A$956.6M
See more insights into LFS stock on TipRanks’ Stock Analysis page.