Lamprell takes loan alongside rights issue for MIS acquisition
UK oil and gas services provider Lamprell has arranged $305m in loan facilities to back its Nkr1.869bn ($336.1m) acquisition of Maritime Industrial Services (MIS). The acquisition will be funded through a mix of the new debt, existing cash reserves and a rights issue. The firm announced a fully underwritten three for 10 rights issue on Thursday, at a price of 232p per share, to raise around £132m (see separate story in equity section).
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