Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 02-07-2012 | Practice Area: | Debt Capital Markets |
| Deal Title: | Sprint Capital Partners investment in Stanmore Coal Convertible Notes | Industry: | Industrial Metals and Mining |
| Description: |
Ashurst has advised Sprint Capital Partners Ltd in its A$36 million subscription and co-operation funding agreement with Stanmore Coal Limited.
Greatgroup Investments Limited, an investment vehicle managed by Hong Kong-based Sprint Capital, has committed to subscribe for $27 million in shares and $9 million of convertible notes at the issue and conversion price of $0.675 per share. The issue and conversion price of $0.675 per share reflects an 87.5% premium to the closing price of Stanmore's shares on the ASX on 27 June 2012 (which was A$0.36).
Murray Wheater.
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| Financial Center: | Sydney | Value: | 0.00-100.00 |
| Advised Party: | Investor/Subscriber | Law Firm | Ashurst |
| Issuer Jurisdiction: | Australia | Listing Jurisdiction: | Australia |
| Classification: |
Equity-Linked Securities Convertible Bonds |
Lawyer | Murray Wheater |
