Fluence Equity Raise and Debt Reduction Strategy

Fluence Corporation Limited (ASX: FLC) is undergoing an equity raising initiative to reduce debt and strengthen its balance sheet. This plan involves raising approximately A$40.7 million through a placement to institutional investors and an entitlement offer. Bell Potter Securities Limited underwrites the placement and institutional entitlement offer, raising around A$31.4 million, while the retail entitlement offer aims to generate an additional A$9.2 million.

Furthermore, the company has restructured its existing debt facility through an amendment to the loan agreement with Upwell Water LLC, increasing financial flexibility and allowing for the repayment of a significant portion of the Upwell Facility. This strategic move provides Fluence Corporation with an opportunity to enhance its financial position and capital structure.

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