360 Capital announces offering
Publicly-list manager, 360 Capital Group has announced a senior unsecured note offering aimed at raising $50 million, with the right to accept up to $75.0 million.
The company told the Australian Securities Exchange this week that proceeds from the Offering will be used to fund the approved takeover of the 360 Capital Diversified Property Fund, provide underwriting capital and also further working capital as the Group continues to grow its funds management business.
The announced said that, additionally, the Group would repay the current drawn amount of $15.8 million from its debt facility with National Australia Bank (NAB), while keeping the $25.0 million facility in place to give the Group funding flexibility going forward.
Recommended for you
Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.
As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.
Centrepoint Alliance says it is “just getting started” as it looks to drive growth via expanding all three streams of advisers within the business.
AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.
