Auto Trader raises £186m in response to Covid-19

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By Aidan Gregory
01 Apr 2020

Auto Trader, the UK online vehicle marketplace, has become the latest London-listed corporate to raise equity in response to the challenges of the Covid-19 crisis.

In a regulatory filing on Wednesday morning, Auto Trader said it would raise 5% of its current market capitalisation via an accelerated bookbuild led by Bank of America , the company’s corporate broker.

Auto Trader had drawings of £298m from a £400m revolving credit facility at the end ...

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