In October 2018, Perenti successfully completed the acquisition of leading underground mining services contractor, Barminco Holdings Pty Limited. Barminco was acquired with borrowings of approximately $505 million and cash and cash equivalents of approximately $61 million. The acquisition was undertaken together with a $250 million equity raise which assisted to keep leverage at pre-acquisition levels.
¹ Figures are proforma underlying figures which include 100% of Barminco and AUMS, exclude amortisation and any non-underlying items. Please refer to FY19 Investor Presentation lodged with the ASX on 29 August 2019.