April 17 (Reuters) - Fletcher Building Ltd FBU.NZ :
* TO RAISE NZ$750M THROUGH A FULLY UNDERWRITTEN PRO RATA 1 FOR 4.46 ACCELERATED ENTITLEMENT AT NZ$4.80 PER SHARE
* NEW STANDBY BANKING FACILITY OF NZ$500M ESTABLISHED WITH ANZ, MUFG BANK AND WESTPAC
* PROCEEDS FROM OFFER AND STANDBY FACILITY ARE SUFFICIENT TO REDEEM ALL USPP NOTES AND PAY ASSOCIATED COSTS IF REQUIRED
* NO CHANGE TO ESTIMATED FY18 EBIT FOR GROUP (EXCLUDING B+I AND SIGNIFICANT ITEMS) OF NZ$680M-NZ$720M
* NO CHANGE TO ESTIMATED FY18 ESTIMATED LOSS FOR B+I OF NZ$660 MILLION
* DIVESTMENT PROCESSES TO BE UNDERTAKEN FOR FORMICA AND ROOF TILE GROUP BUSINESSES