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PLS Group Limited (ASX:PLS)

ALERT: Price-sensitive ASX Announcement for PLS
Current share price for PLS : $5.030 -0.36 (-6.68%)+
Release
16 Apr 2026 8:20AM
Price at Release
$5.390
Full Release
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Summary
PLS Group Limited announced the pricing of its US$600 million 6.875% Senior Notes due 2031. The offering, increased from an initially announced US$500 million, is aimed at qualified institutional buyers under Rule 144A and certain offshore transactions under Regulation S. The Notes will have an annual interest rate of 6.875% and will be guaranteed by PLS's wholly-owned subsidiaries. Proceeds will be used to refinance part of the company’s revolving credit facility and for general corporate purposes. The offering's settlement is anticipated to occur on 22 April 2026, with the Notes not being registered under the US Securities Act or Australian securities laws.
Key Points
  • PLS Group Limited announces US$600 million Senior Notes pricing
  • Notes have a 6.875% annual interest rate due in 2031
  • Offering increased from US$500 million to US$600 million
  • Settlement expected to occur on 22 April 2026
  • Proceeds to refinance A$375 million revolving credit facility balance
  • Notes guaranteed by wholly-owned subsidiaries
  • Notes not registered under US or Australian securities laws
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.