Billabong International to raise $149.9 million in private placement

Billabong International Limited has agreed to raise AUD200 million ($149.9 million) by issuing new shares at AUD7.5 ($5.62) each in an institutional entitlement offer. Billabong is an Australia-based manufacturer, distributor, wholesaler, and retailer of surf, skate, snow apparel, and accessories.

The offer price represents a 29% discount to the closing price of Billabong shares on May 13, 2009 and a 26% discount to the theoretical ex-rights price (TERP). The entitlement offer will be conducted on the basis of two new Billabong ordinary shares for every 11 existing Billabong ordinary shares.

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PPM is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.

Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.

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