A cross-practice team has advised amaysim on an underwritten $50.6 million accelerated non-renounceable pro rata entitlement offer at $0.60 per share together with the arrangement of $91 million in new senior debt facilities.
Proceeds from the raising will be used by amaysim to reduce debt and strengthen its balance sheet, supporting the company's strategic growth initiatives.
The KWM team advising on the transaction was led by partners David Eliakim (ECM) and Scott Gardiner (banking), supported by Senior Associates, Rahul Mukherkjee and Peixin Truong and Solicitors, Gemma McMahon and Lawrence Normoyle.
amaysim relationship partner, Scott Gardiner said: "We are pleased to have had the opportunity to support our long-standing client, amaysim, in strengthening their balance sheet position to facilitate the expansion of their innovative mobile and energy businesses."
David Eliakim said, "It was a pleasure to work with the amaysim team and their advisers on a capital raising which was overwhelmingly supported by amaysim's institutional investor base – a 97% take up is very high by market standards."