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Seven Group holders put A$189.4 million of 2.2% convertibles due 2025
By Mary-Katherine Stinson
Lexington, Ky., Jan. 3 – Holders of Seven Group Holdings Ltd.’s 2.2% convertible notes due 2025 (ISIN: XS1785357739) exercised their put option for A$189.4 million of the notes, according to a press release.
This follows the group’s A$114.2 million repurchase of the convertibles on Oct. 6, where the existing bonds were repurchased with proceeds from new notes.
Following the put option exercise, A$46.4 million principal amount remains outstanding and due for conversion or repayment in 2025.
The original issue size was A$350 million.
Seven Group is an Australian diversified operating and investment group with market leading businesses and investments in industrial services, oil and gas and media.
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