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KMD Brands Secures NZ$65.3 Million to Cut Debt and Fuel Next Level Strategy
7:24am on Wednesday 22nd of April, 2026 AEST
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Consumer Discretionary
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KMD Brands Secures NZ$65.3 Million to Cut Debt and Fuel Next Level Strategy
7:24am on Wednesday 22nd of April, 2026 AEST
Key Points
NZ$65.3 million gross raised through entitlement offer and placement
126.4 million new shares allocated in retail shortfall bookbuild at NZ$0.06 each
Remaining shortfall shares fully allocated to sub-underwriters
Proceeds earmarked for net debt reduction and balance sheet strengthening
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KMD Brands (NZX:KMD)
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