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.