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HSF advises Seven Group Holdings on A$500 million institutional placement and A$50 million share purchase plan

Date Time Share HSF advises Seven Group Holdings on A$500 million institutional placement and A$50 million share purchase plan Herbert Smith Freehills is delighted to have worked with Seven Group Holdings Limited (SGH) on its successful A$500 million fully underwritten institutional placement (Placement) and non-underwritten share purchase plan (SPP) to raise up to A$50 million, announced to the ASX on 19 April 2021. SGH is a leading Australian diversified operating and investment group with market-leading businesses and investments in industrial services, oil and gas and media. The Placement and SPP will enable SGH to reduce overall net debt and strengthen balance sheet flexibility to support portfolio growth opportunities. The capital raising will also improve liquidity by increasing SGH’s free float and facilitate continued discipline in the company’s approach to capital allocation.

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