Follow-Ons/Rights Issues

  • Technicolor completes €330m recap

    Technicolor completes €330m recap

    French visual effects and digital services company Technicolor has finished a €330m recapitalisation as part of its efforts to exit from bankruptcy proceedings.

  • Unibail-Rodamco-Westfield launches plan to reset business

    Unibail-Rodamco-Westfield launches plan to reset business

    Unibail-Rodamco-Westfield (URW), one of the world's largest owners of shopping malls, launched a €9bn-plus turnaround plan on Thursday, which includes a €3.5bn rights issue. The aim of the restructuring is to reduce the company's leverage to help it withstand the Covid-19 pandemic.

  • US tech drop fires warning shot at Europe ECM

    US tech drop fires warning shot at Europe ECM

    The resilience of capital markets in the face of the coronavirus pandemic has encouraged equity issuers and sellers to bring an abundance of IPOs, rights issues and block trades this autumn. Indices have bounced since their March nadir but their vulnerability — and that of ECM activity — to the tech stocks that have driven the rebound was made stark this week when the Nasdaq index fell more than 10% in two days, write Sam Kerr and Aidan Gregory.

  • IAG launches rights issue with focus on flexibility

    IAG launches rights issue with focus on flexibility

    IAG, the airline holding company that owns British Airways, has launched its €2.75bn rights issue to help fund it through the coronavirus pandemic. The company does not expect a return to normal operations until 2023, but is hoping its ability to be flexible in offering flights to areas that are recovering more quickly will be enough to persuade investors to take part in the cash call.

All Articles