Gentrack raises $26M from retail investors as part of $90M debt paydown

Sun, 29 Jul 2018

By Sophie Boot July 30 (BusinessDesk) - Gentrack Group said it raised about $25.8 million in a stock offer to retail investors, in the second part of a two-stage share sale aimed at raising funds to repay debt used for a recent flurry of acquisitions. Total take-up under the retail entitlement offer, which closed on July 26, was 68 percent, Auckland-based Gentrack said in a statement. The company is now offering a retail shortfall bookbuild for 1.93 million entitlements, being run today. The previous institutional entitlement offer, wh...

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