In a strategic move to bolster its financial health, CSI Properties has unveiled an ambitious fundraising plan aimed at enhancing liquidity and addressing maturing debts. The initiative seeks to raise approximately $2 billion through a combination of equity and debt offerings. This substantial capital injection is designed to fortify the company's balance sheet and ensure long-term stability. The company plans to channel a significant portion of the funds towards improving liquidity and refinancing existing obligations, while also allocating resources for operational needs.

To achieve these objectives, CSI Properties has outlined two primary methods for raising capital. Firstly, the firm intends to conduct an underwritten rights issue valued at $1.49 billion, offering shares at a premium of 5.88% above the closing price. Secondly, it will issue $500 million in senior unsecured notes, with a maturity period of four years and an annual interest rate of 8.22%. These measures are expected to provide the necessary financial flexibility to meet short-term obligations and support ongoing business operations. Additionally, the company has proposed a share consolidation, merging every two existing shares into one, along with granting shareholders the option to subscribe to consolidated shares at a subscription price of $0.22 per share.

The fundraising efforts by CSI Properties reflect a proactive approach to managing financial challenges and ensuring sustainable growth. By securing additional capital, the company aims to strengthen its liquidity position and reduce financial pressure from maturing debts. This strategic move not only enhances the company's ability to operate efficiently but also positions it for future opportunities. Through these initiatives, CSI Properties demonstrates its commitment to maintaining a robust financial foundation and delivering value to its stakeholders.