April 19 (Reuters) - Seven Group Holdings Ltd SVW.AX :
* SEVEN GROUP ANNOUNCES $500M UNDERWRITTEN EQUITY RAISING
* EQUITY RAISING UNDERTAKEN TO REDUCE OVERALL NET DEBT FROM $2.6 BILLION TO $2.1 BILLION
* NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE ABOUT $50 MILLION
* TO ISSUE 22.2 MILLION SHARES IN PLACEMENT TO INSTITUTIONAL INVESTORS AT ISSUE PRICE OF $22.50PER SHARE