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Aspen Group Secures $70M to Cut Debt and Fuel Growth
2:22am on Monday 2nd of June, 2025 AEST
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Real Estate
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Aspen Group Secures $70M to Cut Debt and Fuel Growth
2:22am on Monday 2nd of June, 2025 AEST
Key Points
Raised $70.18 million via institutional placement at $2.90 per security
Placement within existing 15% capacity, no shareholder approval needed
Proceeds earmarked for debt reduction and growth initiatives
Gearing expected to drop to approximately 17%
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Aspen (ASX:APZ)
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