The notes will bear interest at a fixed rate of 3.95% per annum, payable semi-annually on Jan 10 and July 10 in each year starting 2026.
Q&M Dental says that net proceeds will be used for general corporate purposes, including financing acquisitions and/or investments (including investments in associated companies), business expansions, refinancing of borrowings and financing of working capital and capital expenditure requirements of the group and/or its subsidiaries.
Q&M says that certain directors and or controlling shareholders of the company, and persons related to them, have been allocated about 2.88% of the $130 million in aggregate principal amount of notes that are to be issued.
Shares in Q&M Dental closed 2.5 cents lower or 5.618% down at 42 cents on July 3.
