oOh!media chief executive Brendon Cook has ruled out tapping investors for extra cash after a surprise downgrade earlier this month and is confident the outdoor advertiser will generate enough of its own cash to push its debt lower.
Mr Cook said the company had come to the conclusion after examining the company's financial needs that no equity raising is required beyond the dividend reinvestment plan "in part, because of the highly cash generative nature of the business".
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Max Mason covers insolvency, courts, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max’s journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
