Origin revealed Wednesday it was looking to raise A$2.5 billion through a four-for-seven fully underwritten pro rata renounceable accelerated entitlement offer.
Its offer price of A$4 per share represents a 34.4% discount to its closing price on Tuesday and Origin said it would use the cash to reduce debt and strengthen its balance sheet.
In addition to the capital raising, Origin also flagged an additional A$2.2
