The offer is structured as a 1 for 1 accelerated non-renounceable entitlement offer and placement. The proceeds of the raising will strength AWB's balance sheet and provide financial flexibility through the subsequent reduction in net debt.

Key Players:

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The Freehills team advising AWB was led by partner Tim McEwen (pictured right) and supported by senior associate Amy Goble and lawyer Cecilia Mehl.

Commentary:

Freehills partner Tim McEwen said, "This capital raising was very important for AWB and will position AWB favourably going forward and enhance its future strategic options. It was a pleasure to work closely with a strong management team to achieve a great result for the company."