A shopping center in Australia manged by Vicinity Centres. Photo: Shutterstock.com
Since the beginning of April, the Allens equity capital markets team has advised on capital raisings valued at more than $11.5 billion.
June 04, 2020 at 06:31 PM
1 minute read
Correspondent, Sydney
Australian law firm Allens is advising Vicinity Centres on a A$1.4 billion (US$1 billion) capital raising to strengthen the shopping center owner’s balance sheet.
The capital raising comprises a fully underwritten A$1.2 billion placement and a securities purchase plan targeting to raise up to A$200 million, with the proceeds to be used to reduce debt and strengthen Vicinity’s balance sheet, Allens said in a statement.
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