InvestSMART

New Hope Corporation Limited (ASX:NHC)

ALERT: Price-sensitive ASX Announcement for NHC
Current share price for NHC : $5.290 -0.1 (-1.86%)+
Announcement
Release
16 Apr 2026 8:22AM
Price at Release
$5.390
Full Release
download
Summary
New Hope Corporation Limited has successfully issued A$300 million in senior unsecured convertible notes due 2032 and concurrently repurchased A$293.3 million of its existing notes due 2029. The transaction, settled on or about April 22, 2026, involves a conversion premium of 37.5% and net proceeds of approximately A$294.2 million, which will be used for the repurchase. This strategic move allows New Hope to refinance at more favorable terms, with Jefferies and Jarden as Joint Lead Managers.
Key Points
  • New Hope Corporation Limited successfully priced A$300 million 2.625% senior unsecured convertible notes due 2032.
  • Concurrent repurchase of A$293.3 million of existing senior unsecured convertible notes due 2029.
  • Settlement of the Offering and Concurrent Repurchase is expected on or about 22 April 2026.
  • The new notes have a conversion premium of 37.5% over the reference share price.
  • The net proceeds of approximately A$294.2 million will be used to fund the Concurrent Repurchase.
  • New Hope CFO commented on the competitive terms and successful refinancing of existing notes.
  • Jefferies and Jarden acted as Joint Lead Managers on the Offering.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.