2023 RIG Group Issued Unsubordinated, Unsecured Medium-term notes
The 2023 debt issue matures in September 2025, we are considering our capital management plan and the benefits to all off reissuing new debt in 2025 on similar terms as 2023.
| Term Issue Rates | 2 years October 2025 |
|---|---|
| $0 - $49,999 | 9.75% |
| $50,000 - $99,999 | 10.00% |
| $100,000 - $149,999 | 10.15% |
| $150,000 - $199,999 | 10.30% |
| $200,000 + | 10.50% |
| Status | Unsecured / subordinated (second ranking) |
| Available | A class RIG shareholders only |
We are considering mixing a new issue with bank debt which means this issue would be subordinated (hence rate unchanged). Still working through the optimal mix and the opportunities ahead for us and would be grateful to receive an expression of interest in a 2025 debt issue. This is indicative only and not binding.