McCullough Robertson’s Equity Capital Markets team has successfully supported LGI Limited (ASX: LGI) on its placement to raise $51.2 million, together with a $5 million share purchase plan (SPP), primarily to accelerate delivery of its high conviction renewable energy projects.

The placement attracted strong support from both new and existing institutional and sophisticated investors, reflecting confidence in LGI’s strategy, market position, and growth outlook. The funds will be used to fast-track projects already in execution, progress the next wave of projects in development, and enhance balance sheet flexibility, providing capacity to pursue new opportunities while maintaining prudent leverage. Following completion of the placement, LGI expects to have approximately $48 million of pro forma undrawn bank capacity and a significantly strengthened balance sheet.

Having advised LGI on its IPO, we were pleased to further support LGI on this successful capital raising, enabling the company to accelerate its renewable electricity and battery energy storage projects and continue executing its growth strategy.