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Share Name Share Symbol Market Type Share ISIN Share Description
Helios Towers Plc LSE:HTWS London Ordinary Share GB00BJVQC708 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.00 0.54% 187.00 185.60 186.00 188.20 176.80 176.80 34,721,431 16:35:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mobile Telecommunications 302.8 -15.3 -2.9 - 1,960

Helios Towers Expects to Raise $100 Million via Share Placing, Retail Offer

15/06/2021 5:38pm

Dow Jones News


Helios Towers (LSE:HTWS)
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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.

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