PLS Group Limited had announced the closing of its offering of USD 600 million 6.875% Senior Notes due 2031 (the Notes). The debut offering of the Notes represents an important financing milestone for PLS and aligns the Company?s funding sources with the scale and long-term nature of its operations, providing PLS with further depth and flexibility of funding. As announced by PLS on April 16, 2026, a portion of the net cash proceeds of the Notes offering has been used to refinance the AUD 375 million drawn balance of the Company?s revolving credit facility (RCF) and the size of the RCF has been reduced from AUD 1,000 million to AUD 500 million.
The remaining net cash proceeds of the Notes offering will be used for general corporate purposes. PLS? revised debt capital structure following completion of the Notes offering provides PLS with significant flexibility for future capital allocation in accordance with the Company?s capital management framework and dividend policy.
