Rolls-Royce to tap investors for £2.5 billion amid the coronavirus pandemic

21.09.2020 - Kulakov Vladimir
Rolls-Royce to tap investors for £2.5 billion amid the coronavirus pandemic

On Saturday, Rolls-Royce Holdings Plc. (RR.L) reported that it plans to tap investors for 2.5 billion pounds ($3.2 billion) to boost its finances amid the coronavirus outbreak.

The British multinational engineering company said that it was working with Goldman Sachs’s (GS) bankers on debt and equity issuances.

“We continue to review all funding options to enhance balance sheet resilience and strength. Amongst other options, we are evaluating the merits of raising equity of up to £2.5bn through a variety of structures, including a rights issue and potentially other forms of equity issuance. Our review also includes new debt issuance,” Rolls-Royce said in a statement.

The Financial Times reported that Rolls-Royce’s equity raise would be launched in the first weeks of October.

Rolls-Royce cut 9,000 jobs four months ago due to the weak global travel demand and revealed its plans to sell its Spanish unit ITP Aero and other company assets.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?