Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AMA Group Ltd. > News item |
AMA Group adjusts conversion price of 4% notes due to equity raise
By Mary-Katherine Stinson
Lexington, Ky., Sept. 7 – AMA Group Ltd. adjusted the conversion price of its A$50 million 4% senior convertible notes due 2027 (ISIN: XS2386304799), according to a notice.
The conversion price following the adjustment will be A$0.3910, effective Sept. 8.
According to the notes’ terms, the issuer may adjust the conversion price ahead of a potential placement and entitlement offer.
As announced on Sept. 7, the equity raise will be conducted as a combination of an institutional placement, comprising an unconditional component and a conditional component requiring the approval of shareholders, and a retail entitlement offer to existing shareholders.
Bank of New York, London Branch is the trustee.
AMA Group, formerly Allomak Ltd., is a West Perth, Australia-based automotive services company.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.