With borrowing costs now much higher after the end of the easy money era, management decided this year that an equity raise was a palatable option to cut leverage.
More Companies Are Selling Shares to Help Cut Debt bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) When Metals Acquisition Ltd. bought a copper mine in Australia from Glencore Plc for almost $900 million upfront in 2023, it turned to the debt markets to help fund the purchase.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptUS Inflation Ebbs for First Time in Six Months in Relief for FedChina Considers Government Buying of U
Recession fears and Russia s invasion of Ukraine sent a chill through equity capital markets (ECM) in the second quarter, depriving bankers of lucrative fees for arranging stock sales such as initial