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Perenti Global ( (AU:PRN) ) has provided an update.
Perenti Limited announced the redemption of all outstanding Senior Unsecured Notes due October 2025, valued at approximately US$103 million, with a redemption date set for July 18, 2025. This move aligns with Perenti’s capital management strategy to utilize free cash flow for business growth, balance sheet strengthening, and enhancing shareholder returns through dividends and share buybacks.
The most recent analyst rating on (AU:PRN) stock is a Buy with a A$1.25 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 with a focus on contract mining, drilling services, mining services, and technology solutions. Headquartered in Perth, the company operates across four continents, aiming to create enduring value for investors, clients, employees, and the communities it serves.
YTD Price Performance: 18.12%
Average Trading Volume: 2,291,201
Technical Sentiment Signal: Buy
Current Market Cap: A$1.49B
Learn more about PRN stock on TipRanks’ Stock Analysis page.