 "Rolls-Royce to raise $2.6 billion debt to fund Covid-19 pandemic relief")
Rolls-Royce Holdings Plc announced plans to raise 2 billion pounds ($2.6 billion) in new debt, joining the list of the biggest sub-investment grade deals in Europe this year.
BNP Paribas SA, Citigroup Inc. and HSBC Holdings Plc are the banks coordinating Rolls Royce’s 1 billion pound-equivalent bond offering as well as a new term-loan facility of the same amount, according to people familiar with the matter, who asked not to be named discussing private information. The company will also tap existing shareholders for 2 billion pounds in a rights issue.
Rolls Royce is seeking to shore up capital
BNP Paribas SA, Citigroup Inc. and HSBC Holdings Plc are the banks coordinating Rolls Royce’s 1 billion pound-equivalent bond offering as well as a new term-loan facility of the same amount, according to people familiar with the matter, who asked not to be named discussing private information. The company will also tap existing shareholders for 2 billion pounds in a rights issue.
Rolls Royce is seeking to shore up capital
