Billabong International has raised 291 million Australian dollars (€166.3m-US$233.6m) from...

2009-06-18T00:00:00

Billabong International has raised 291 million Australian dollars (€166.3m-US$233.6m) from institutional and retail investors in a 2-for-11 share deal valuing each share at A$7.50 (€4.29-$5.94). About A$200 million of the proceeds will be used to reduce the company’s total debt level to approximately A$450 million (€257.1m-$356.7m). Faced with poor orders ...

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