Ryman completes bookbuild at $6 per share

Mon, 20 Feb 2023

Ryman Healthcare has completed an institutional component of its capital raise at a 20% premium to the $5 per share offer price.The bookbuild for institutional investors cleared at $6 per share, 3 cents below the theoretical market value, with shareholders taking up 75% of their entitlements. Those who did not take up the offer will still receive the $1 premium over the offer priceThe retirement village operator is raising $902 million through a rights issue to reduce the amount of debt held by the company.It will sell 180.5m new shares with in...

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