Infratil, Brookfield to pay $2.06B cash and assume $1.34B of debt for Vodafone NZ

Mon, 13 May 2019

By Rebecca Howard May 14 (BusinessDesk) - Infratil and Brookfield Asset Management's $3.4 billion purchase of Vodafone NZ will see them each pay $1.03 billion for a 49.9 percent stake. The balance will come from taking on about $1.34 billion of Vodafone New Zealand's debt, and the 0.2 percent equity set aside for the telco's executive team, Infratil said. Infratil expects to pay its share through a fully underwritten equity raising of up to $400 million to be undertaken by UBS New Zealand, $400 million of debt from a committed acquis...

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