Newly listed copper miner Metals Acquisition raising $140m to trim down debt

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Newly listed copper miner Metals Acquisition raising $140m to trim down debt

Newly listed Metals Acquisition is raising $140 million to pay down debts it loaded up on to buy a copper mine from Glencore in New South Wales.

The company, which is also listed on the New York Stock Exchange, confirmed to the market on Wednesday it was offering up new Chess Depositary Interests or new equity in the company for $18 apiece to institutional investors. The offer is a 13 per cent discount on MAC’s last closing price and five-day average.

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