Investors give Rolls-Royce the green light for $2.6bn equity sale
Engine maker can access a further £3bn through a bond sale and a £1bn term loan
27 October 2020 - 17:33
London — Rolls-Royce Holdings shareholders backed a £2bn equity raise, a key step towards shoring up the British engine maker’s finances to outlast the Covid-19 pandemic.
Investors voted 99.5% in favour of the rights issue, according to a statement on Tuesday. Due to their support Rolls-Royce can access a further £3bn of funds, through a bond sale and a £1bn term loan, both of which are conditional on the rights issue passing...
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