Brambles Limited
(ASX:BXB) offer of new shares to institutional investors has seen the company raise $333 million.
The pallet supplier launched a $448 million capital raising earlier this week, after it decided to keep its information management business Recall.
An entitlement offer to retail shareholders will open on Friday, which could see the company raise about $115 million additionally.
The proceeds of the offer will be used to pay down debt.
Brambles reported a net profit of $235.8 million in the first half of the 2012 financial year.
