SPC Global Holdings launches $100 million equity raising to slash debt and reset balance sheet. The Australian food and beverage manufacturer will reduce net leverage from 3.9 times to 1.1 times pro forma, significantly strengthening its financial position. The fully underwritten raise comprises a $2.9 million placement and $97.1 million entitlement offer at $0.10 per share. The company expects annual interest expenses to plummet from approximately $15 million to $4.5 to $5 million post-raising. This strategic move follows a year of operational integration and transformation, positioning SPC Global to accelerate execution across manufacturing, supply chain optimization, and international expansion while maintaining disciplined capital management.
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