Pacific Current Group (ASX:PAC) completed the sale of its interest in Luxembourg-based Carlisle Management Company to US-based asset manager Abacus Life, receiving about $60.3 million in net proceeds, according to a Tuesday filing with the Australian bourse.
On completing the sale, Pacific Current Group received about 2 million Abacus Life bonds worth $49.2 million with a 9.875% interest rate and 1.4 million Abacus Life shares valued at $11.1 million, the filing said.
The group received 90% of the proceeds, with the remaining 10% to be held back for 18 months from closing on a pro-rata basis. During this period, Pacific Current Group will continue to earn on these securities.
The bonds are immediately tradable, while the shares become freely tradable on July 4, 2025, the filing added.
Pacific Current Group's shares rose almost 1% in recent Tuesday trade.
Price (AUD): $10.78, Change: $+0.06, Percent Change: +0.56%
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。