Gateway Lifestyle group (GTY) announced a fully underwritten $120m equity raising to fund the purchase of 6 manufactured home estates, and to repay debt. The offer comprised a 2 for 15 accelerated non-renounceable entitlement offer to raise $79.8m, and an Institutional placement for $40.2m.
The Offer is fully underwritten by Macquarie Capital and UBS Australia as JLM
A Retail entitlement offer opens Wednesday the 16th March 2016, and will close 30th March 2016.
Further information can be found at http://investor.gatewaylifestyle.com.au/Investor-Centre/
