Washington H. Soul Pattinson and Co. Ltd. (AU:SOL) has released an update.
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Washington H. Soul Pattinson and Co. Ltd., an Australian diversified investment house, has successfully issued $450 million in new convertible notes and repurchased 99% of existing notes due in 2026, with the remaining notes eligible for redemption. The company also placed $225 million in new ordinary shares at $34.23 each to fund the note repurchase. The new shares and notes are expected to begin trading on the SGX-ST on August 30, 2024.
For further insights into AU:SOL stock, check out TipRanks’ Stock Analysis page.