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Article: BBI aims to raise cash to reduce debt.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 4, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ingrid Pyne
Oct 04, 2009 (The Australian Financial Review - ABIX via COMTEX) -- An $A850 million capital raising is expected by Babcock & Brown Infrastructure on 7 October 2009. This is an attempt to rein in its $A9.4 billion debt. The recapitalisation is likely to result in writedowns of around $A900 million.
Publication Date: 5 October 2009
BABCOCK AND BROWN INFRASTRUCTURE GROUP - ...