Amadeus IT Group Initiates Bond Conversion Strategy

Amadeus IT Group S.A (ES:AMS) has released an update.

Amadeus IT Group has started converting its convertible bonds maturing in 2025, using treasury shares to fulfill the conversion. With a conversion price set at 52.9409 euros per share, the company has already delivered over a million shares for a principal amount of 56.9 million euros, while rights have been exercised for a total of 302.2 million euros. This move is part of Amadeus’s strategic financial management efforts as it approaches the bonds’ maturity date.

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