Login
Blakes advises Prime Media on $110 million capital raising
Blake Dawson has advised Prime Media on its capital raising, announced on 25 March, which intends to raise up to $110 million through the issue of shares to existing and new shareholders.The…
Facebook
X
LinkedIn
Blake Dawson has advised Prime Media on its capital raising, announced on 25 March, which intends to raise up to $110 million through the issue of shares to existing and new shareholders.
Prime's largest shareholder, Paul Ramsay Holdings Pty Limited, has already committed $25 million and Seven Network subsidiary Network Investment Holdings Pty Limited has committed to subscribe for as much as 14.9 per cent of Prime's expanded capital base for up to $25 million.
"It's a great outcome for Prime and the Seven Network in a difficult market," commented Blakes corporate partner Bill Koeck.
Mallesons Stephen Jaques acted for Macquarie Bank on the transaction.