(Finance) – Campari launches the reserved placement through accelerated bookbuilding of new ordinary shares, with a nominal value of 0.01 euros each, for an equivalent value of approximately 650 million euros and a total nominal amount of senior unsecured convertible bonds maturing in 2029 of approximately 500 million” to finance the acquisition of Courvoisier and strengthen its financial position to enable further growth.”
The Placement, explains the company in a note, “will improve the pro-forma capital structure of the Group by accelerating the deleverage process and will extend the average maturity of the Group’s liabilities, thus further strengthening the financial profile of the Issuer, allowing further growth “.
(Photo: © Campari)