Aurizon Holdings ( (AU:AZJ) ) has issued an update.
Aurizon Holdings has successfully priced its inaugural A$500 million hybrid issue, marking a significant step in its capital management strategy. The hybrid notes, due in 2055, will receive 50% equity credit from Moody’s and Standard & Poor’s, and the proceeds will be used to refinance existing debt and for general corporate purposes. This move is part of Aurizon’s broader effort to enhance financial flexibility and maintain strong investment-grade credit ratings, as well as to diversify its funding sources and extend its debt maturity profile.
More about Aurizon Holdings
Aurizon Holdings Limited operates in the rail freight industry, primarily focusing on the transportation of coal, iron ore, and other bulk commodities across Australia. The company is a key player in the logistics sector, providing essential services that support the mining and resources industries.
Average Trading Volume: 6,993,109
Technical Sentiment Signal: Sell
Current Market Cap: A$5.23B
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