Amadeus taps investors for €1.5bn to stay alive during Covid-19
Amadeus, the Spanish provider of IT to the travel and tourism industries, has completed a €1.5bn financing involving the simultaneous sale of new stock and convertible bonds to protect its balance sheet after a fall in demand due to Covid-19.
JP Morgan was global coordinator on both legs of the transaction, which also included a delta equity placement to facilitate hedging of the convertible bonds by investors. Crédit Agricole and Citigroup were bookrunners.Announced after the market close on Thursday evening, following a wall-crossing, the transaction is ...
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org