Select Harvests Launches Capital Raise Amid Growth

Select Harvests (AU:SHV) has released an update.

Select Harvests Limited has announced an $80 million capital raise, aimed at reducing debt and expanding processing capacity amid strong sales and a favorable market environment. The company has secured contracts for 79% of its expected 29,500MT almond crop for 2024, forecasting an increase in yield and a higher final almond price. Despite logistics challenges leading to net debt projections of $230m to $245m, the capital raise is set to rebalance the company’s financial position and support its strategic growth initiatives.

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