Prysmian SpA (IT:PRY) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Prysmian S.p.A. has successfully issued a dual-tranche bond loan totaling €1,500 million under its EMTN program, aimed at institutional investors. The issuance, which received overwhelming interest from the debt investor market, will help Prysmian repay the bridge financing for its acquisition of Encore Wire. This marks Prysmian’s first public issuance with an investment-grade rating, further solidifying its financial structure.
For further insights into IT:PRY stock, check out TipRanks’ Stock Analysis page.