Austin's debt reduction raising

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

Austin's debt reduction raising Austin's debt reduction raising Austin's debt reduction raising Austin's debt reduction raising Austin's debt reduction raising

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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