Gkn Launches Gbp 423m Cash Call As It Seeks to Pay Down Debt and Fund Expansion Drive
Linked as:
Summary
INDUSTRIAL company GKN launched a GBP 423 million rights issue yesterday to pay off GBP 300m of debt and leave about GBP 100m to bankroll expansion.
Subscribing shareholders will get six new shares in GKN for every five they currently own, with the company paying GBP 20m in fees to its City advisers for fully underwriting the issue.See the full content of this document
Extract
Gkn Launches Gbp 423m Cash Call As It Seeks to Pay Down Debt and Fund Expansion Drive
The company, which makes parts for the automotive and aviation industries,...
See the full content of this document
Sponsored links
