BRIEF-Woolworths Holdings Says All Conditions Precedent To Sale Of Bourke Street Menswear Store Fulfilled

  • Reuters
  • Stock Market News
BRIEF-Woolworths Holdings Says All Conditions Precedent To Sale Of Bourke Street Menswear Store Fulfilled
Credit: © Reuters.

July 27 (Reuters) - Woolworths (ASX: WOW ) Holdings Ltd WHLJ.J :

* ALL CONDITIONS PRECEDENT TO SALE OF BOURKE STREET MENSWEAR STORE HAVE NOW BEEN FULFILLED

* DISPOSAL PRICE FOR ASSET WAS AU$121 MILLION; ANTICIPATED THAT DISPOSAL PROCEEDS WILL BE RECEIVED IN EARLY AUGUST 2020

* NET DISPOSAL PROCEEDS WILL BE APPLIED TOWARDS REPAYMENT OF DEBT FACILITIES.

* REPAYMENT OF DEBT FACILITIES KEY FIRST STEP PURSUANT TO GROUP'S STRATEGIC REVIEW OF CAPITAL STRUCTURE OF AUSTRALASIAN ENTITIES

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100