PROCESSING

Austin's debt reduction raising

MINING equipment maker Austin Engineering has announced a $A51.6 million capital raising to reduce its debt.

Noel Dyson
Mining equipment maker Austin Engineering has announced a $A51.6 million capital raising to reduce its debt.

Mining equipment maker Austin Engineering has announced a $A51.6 million capital raising to reduce its debt.

If the capital raising is successful Austin’s net debt will be cut to about $61 million, comprising $33 million syndicated senior bank debt – with no US dollar syndicated bank debt owing – $14 million...

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