Omni Bridgeway Limited (ASX:OBL) Announces Financial Close of Fund 9
Financial Close of Fund 9
Omni Bridgeway Limited (ASX:OBL) has finalised its Secondary Market Transaction for Fund 9, managed by Ares Management Corporation. An initial A$275 million payment from Ares has fully repaid OBL’s A$250 million debt and covered transaction costs, with the remaining funds allocated for working capital. OBL is set to receive an additional upfront payment of A$310 million to A$320 million from Ares by March 2025, subject to foreign exchange movements.
Upcoming 1H25 Results Webcast
Following its six-month results release, OBL will host a market briefing webcast on Thursday 27 February 2025 at 9:30am AEDT. Investors can register for the event at https://webcast.openbriefing.com/obl-hyr-2025/.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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