INFRONEER to issue new shares, proceeds to repay acquisition-related debt
INFRONEER Holdings Inc. <5076> announced after the close on Oct. 2 that it will issue 47.83 million new shares, comprising 12.08 million shares in a domestic offering and 35.75 million shares in an international offering. An overallotment option of up to 7.17 million shares will also be available depending on market conditions.
The offering price will be determined between Oct. 21 and Oct. 26. Estimated net proceeds of about 147.2 billion yen will be used to repay borrowings associated with the acquisitions of Swing Corporation (formerly Mizu-ing) and Alsokia Construction (formerly Mitsui Sumitomo Construction).
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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