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The latest update is out from Washington H. Soul Pattinson and Co. ( (AU:SOL) ).
Washington H. Soul Pattinson and Company Limited has announced the successful completion of a reverse bookbuilding process to repurchase approximately 97% of its $450 million Senior Unsecured Convertible Notes due 2030. The repurchase will occur in two tranches, with the first tranche settled on July 4, 2025, and the second tranche’s price determined by the closing price of Soul Patts’ ordinary shares post-shareholder approval. This move is expected to leave less than 15% of the notes outstanding, allowing Soul Patts to potentially redeem all remaining notes, thereby optimizing its capital structure and enhancing shareholder value.
The most recent analyst rating on (AU:SOL) stock is a Hold with a A$37.50 price target. To see the full list of analyst forecasts on Washington H. Soul Pattinson and Co. stock, see the AU:SOL Stock Forecast page.
More about Washington H. Soul Pattinson and Co.
Washington H. Soul Pattinson and Company Limited, commonly known as Soul Patts, operates in the investment industry, focusing on a diverse portfolio spanning telecommunications, building materials, resources, and financial services. The company is known for its strategic investments and long-term value creation for its stakeholders.
Average Trading Volume: 534,544
Technical Sentiment Signal: Buy
Current Market Cap: A$15.34B
Find detailed analytics on SOL stock on TipRanks’ Stock Analysis page.