Sydney Airport does not foresee equity raising

1 June, 2020

Sydney Airport stated (22-May-2020) it does not foresee the need to raise equity due to coronavirus. The airport will continue to reflect on its capital structure and test its assumptions as it works through the recovery phase. Assuming the airport repays AUD1.5 billion (USD998.8 million) of debt maturities, remaining liquidity of AUD1.2 billion (USD799 million) is more than enough to sustain operations for an extended period, even if the current operating environment were to persist for some time. [more - original PR]