Rapala VMC Corporation plans to issue up to EUR 25 million in new euro-denominated hybrid capital securities, subject to market conditions. The securities will be subordinated to existing debt obligations and treated as equity. The company also invites holders of existing securities to tender them for cash. Rapala VMC’s largest shareholder, Viellard Migeon Et Compagnie Sa, will participate in the offer. The company also announces refinancing plans with key lenders. The offer period ends on November 24, 2025, with expected settlement around November 27, 2025. The purpose of the offer is to manage the company’s debt portfolio effectively.
Source: Rapala VMC Corporation Website.
Read more at GlobeNewswire: RAPALA VMC CONSIDERS ISSUANCE OF HYBRID
