Trilogy International Limited (TIL) and The Business Bakery has announced a $50 million Capital Raising.
Through a Placement, Trilogy will raise $20 million and The Business Bakery will sell $30 million of shares. Equity raised under the Placement and Share Purchase Plan will be used to repay debt, providing Trilogy International with increased capacity to accelerate long term brand market development and fund acquisition opportunities.
The company has also announced its intention to pursue an ASX Foreign Exempt Listing with the Company expected to commence trading on the ASX in the second half of this year.
“Given the substantial size of the Australian market and our growing brand presence, Australia is the largest near term opportunity for our business,” said CEO Angela Buglass. “Concurrently, we are seeing increasing interest from Australian investors. An ASX listing is a logical strategic move for the Company.
TIL is a cultivator of essential natural products and home fragrance brands including Trilogy, ECOYA and Goodness in New Zealand and around the world.
