Helios Towers Expects to Raise $100 Million via Share Placing, Retail Offer
June 15 2021 - 12:38PM
Dow Jones News
By Sabela Ojea
Helios Towers PLC said Tuesday that it intends to raise gross
proceeds of around $100 million through a share placing and retail
offer to help fund tower-asset acquisitions.
The London-listed telecommunications-infrastructure company said
its wholly owned subsidiary HTA Group is also launching a tap
issuance of around $50 million of its senior unsecured guaranteed
convertible bonds due 2027.
The total capital raise is intended to reach gross proceeds of
around $150 million.
"The company intends to use the net proceeds of the capital
raise to further strengthen its balance sheet to fund the inorganic
element of the group's growth strategy, targeting tower assets in
new and existing markets," it added.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
June 15, 2021 12:24 ET (16:24 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Helios Towers (LSE:HTWS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Helios Towers (LSE:HTWS)
Historical Stock Chart
From Apr 2023 to Apr 2024