June 2021, Sydney
Global Loan Agency Services Australia Specialist Activities Pty Limited (AFSL number 519374) has recently been appointed to act as Security Trustee, Note Trustee, Paying Agent and Registrar for Freedom Foods Group Limited’s unlisted capital raise of AUD 265 million 7% Senior Convertible Notes due 2027.
The wholesale offer received $8.9 million in oversubscriptions from a number of domestic and international funds, with the proceeds of the Notes being put towards repayment of Freedom Foods Group’s existing debt facilities, along with working capital expenses.
Kate White, Managing Director of GLAS Australia, says, “We are thrilled to be a part of this successful recapitalisation and to have been able to demonstrate our Capital Markets capabilities.”
Freedom Foods Group is an Australian-owned listed company known for making healthy and delicious food and beverages in Australia.
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