Friday 15 December 2017 by William Arnold Company updates

McPherson’s intends to buy back remaining bonds in March 2018

McPhersons will divest its Home Appliance business to Glen Dimplex Australia Pty Limited. The divestment is consistent with McPherson’s strategy to exit non core operations and grow its core business in health, wellness and beauty markets.

Net transaction consideration is estimated at circa AUD28m. Based on a forecast FY2018 EBIT for the Home Appliance business of AUD4m, the net consideration represents an EBIT multiple of approximately 7 times.

“The funds generated from the transaction will be used to buy back the outstanding AUD25.0m in bonds at 31 March 2018. Group net debt is forecast to be approximately AUD5m at 30 June 2018, compared with AUD36.4m at 30 June 2017.”

Capital structure



For further announcements from the company, please visit the McPherson’s website


Get your free copy of The Benefits of Corporate Bonds eBook

Get a copy of The Benefits of Corporate Bonds eBook

Subscribe to The WIRE newsletter

Sign up to a free weekly newsletter to get the latest investment news.