Superloop Ltd has announced today an accelerated one for seven pro rata non-renounceable entitlement offer of fully paid ordinary shares to raise approximately $35.3m. Approximately 10.7m new shares will be issued to Institutional and Sophisticated Investors on the 29th June at $2.10, and raising approximately $22.45m.

Superloop is an independent fibre infrastructure provider designing, constructing and operating networks throughout the Asia Pacific region. They build critical core infrastructure for wholesale carriers and global content providers who require infinitely scalable and reliable connectivity. Funds raised will be used to fund infrastructure investment, network expansion, general working capital, and the costs of the Entitlement Offer.

A Retail Entitlement offer will be available to eligible retail shareholders, and able to subscribe for one new share for every seven existing. The Entitlement Offer is fully underwritten by Morgans Corporate Ltd.

For more information please see http://investors.superloop.com/Investors/