TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Perenti Global ( (AU:PRN) ) has provided an announcement.
Perenti Limited has successfully refinanced its existing syndicated debt facility with a new A$650 million facility, which offers improved pricing and terms. This refinancing was oversubscribed, indicating strong confidence from both domestic and international banks in Perenti’s financial resilience. The increased capacity will provide liquidity and funding to support operational needs and growth initiatives, further strengthening Perenti’s capital structure and positioning it for sustainable shareholder returns.
The most recent analyst rating on (AU:PRN) stock is a Buy with a A$3.00 price target. To see the full list of analyst forecasts on Perenti Global stock, see the AU:PRN Stock Forecast page.
More about Perenti Global
Perenti is an ASX-listed diversified mining services group headquartered in Perth, Australia. The company is involved in contract mining, drilling services, mining services, and technology solutions, operating across four continents to create value for investors, clients, employees, and communities.
Average Trading Volume: 4,603,403
Technical Sentiment Signal: Buy
Current Market Cap: A$2.6B
For an in-depth examination of PRN stock, go to TipRanks’ Overview page.