Saga raises £150m from shareholders to stay afloat

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
Equity
ABBs-Block Trades

Saga raises £150m from shareholders to stay afloat

Aidan Gregory
October 05, 2020 12:00 PM
Saga_plc_2_PA_575_375
30 August 2020, Lower Saxony, Papenburg: The new cruise liner "Spirit of Adventure" has left the Meyer Werft shipyard and is underway on the Ems. The ship built for the British shipping company Saga Cruises is to be transferred to the North Sea via the Ems. Photo: Hauke-Christian Dittrich/dpa | Hauke-Christian Dittrich/DPA/PA Images

Saga, the cruise line operator and provider of retirement services to the elderly, has finished a multi-leg £150m ($193m) recapitalisation intended to repair its balance sheet following a collapse in bookings owing to the Covid-19 pandemic.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

JP MorganEquityABBs-Block TradesUKEuropeEMEA
AG
Aidan Gregory
Gift this article