22/11/2012 - 11:38

Austal to raise $86m to pay down debts

22/11/2012 - 11:38

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Shipbuilder Austal has launched a highly-dilutive $86 million capital raising, to reduce its debts and provide extra working capital, while also re-negotiating new three-year banking facilities. Austal today announced a non-renounceable 9 for 10 rights issue, priced at 50 cents per share.

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