Alstom Launches EUR 1 Bln Share Capital Increase

(RTTNews) - Alstom said it has launched a share capital increase with preferential subscription rights for an amount of about 1 billion euros, thus executing the final step of the announced 2 billion euros deleveraging plan.

The share capital increase is the final step of the deleveraging plan that also includes: Divestments for about 700 million euros; the successful placement of €750 million of hybrid bonds with 50% equity content for Moody's announced on May 23rd, 2024.

Alstom noted that it will terminate its 2.25 billion euros credit facility agreement following the execution of deleveraging plan.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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