Latitude Group (ASX:LFS) launched an offer for Capital Notes 2, aiming to raise approximately $100 million to strengthen its capital structure.
The initiative includes a dedicated reinvestment pathway for existing Capital Notes 1 holders, who will be granted priority if they choose to roll over their current holdings into the new offer.
In strict adherence to modern product distribution obligations, participation is exclusively reserved for institutional investors and clients of appointed syndicate brokers, including Commonwealth Bank, Westpac Institutional Bank, Morgans Financial, and Ord Minnett.
The offer is being conducted under a prospectus lodged with the Australian Securities and Investments Commission and the ASX, with final pricing expected to be determined following a bookbuild process prior to the official opening.
At the time of reporting, Latitude Group's share price was $0.93.