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Sandon Capital Investments Completes Bookbuild for Conditional Notes Placement

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Sandon Capital Investments (ASX:SNC) completed a bookbuild process for a proposed debt placement, allocating AU$9 million of notes at a fixed price of AU$100 each on a firm basis to sophisticated and professional investors, according to a Friday filing with the Australian bourse.

The placement is conditional on shareholder approval of a proposal to restructure the terms of existing unsecured notes due for redemption on July 10.

Proceeds from the placement will be used to fund the potential redemptions of existing notes, for working capital purposes, and for additional investments by Sandon Capital.

The company's shares gained 1% in recent Friday trade.

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