By Sheri Kasprzak
New York, June 15 - Fisher & Paykel Appliances Holdings Ltd. wrapped a NZ$55.2 million private placement.
The company issued 12 million shares at NZ$4.60 each to a group of institutional investors.
The price per share is a 2.2% premium to the company's NZ$4.50 closing stock price on June 14.
Deutsche Bank was the bookrunner for the deal.
The private placement was conducted to fund the equity portion of Fisher & Paykel's acquisition of Elba SpA.
Based in Greenmount, Auckland, New Zealand, Fisher & Paykel manufactures kitchen appliances.
| Issuer: | Fisher & Paykel Appliances Holdings Ltd.
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| Issue: | Stock
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| Amount: | NZ$55.2 million
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| Shares: | 12 million
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| Price: | NZ$4.60
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| Warrants: | No
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| Placement agent: | Deutsche Bank
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| Settlement date: | June 16
|
| Stock symbol: | New Zealand: FPA
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| Stock price: | NZ$4.63 at close June 16
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