Wednesday 4 October 2017

Update on Cache Logistics Trust's rights issue


- 18-for-100 rights issue at $0.63 apiece has been subscribed by 1.87x.

- The $102.7m rights proceeds will be used to pare debt, with aggregate leverage expected to be lowered from 43.4% to 35.5%.


- Pro forma FY16 DPU will be diluted to 6.882¢ from 7.725¢ from the 18% increase in unit base




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