RenoNorden raises Nkr350m after 2016 losses
RenoNorden, the Norwegian waste management company, has finished its Nkr350m (€39m) rights issue to prevent it breaking its debt covenants after losses in 2016.
Carnegie was bookrunner.
Under the terms of the highly dilutive 12.8 for 1 rights issue, RenoNorden set out to place 350m new shares at Nkr1 a share.The leads received subscriptions for 75% of the deal size. An additional 0.6% was subscribed for by RenoNorden management, while ...
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