Cobham to Raise $617.35 Million in Rights Offering

Deal Facts

Deal Type: Equity Offering
Deal Sub-Type: Rights Offering
Issuer: Cobham plc
Deal Country: United Kingdom
Deal Status: Announced
Announced Date: 02-Mar-2017
Expected Closing Date: 30-Jun-2017
Deal Value (USD m): 617.36

Deal in Brief

Cobham plc, a UK-based provider of technologies and services for commercial, defense, and security markets, has agreed to raise approximately GBP 500 million (USD 617.35 million) in a rights issue.

Bank of America Merrill Lynch, J.P. Morgan Cazenove and Barclays Bank PLC are acting as underwriters for the offering.

The offering is expected to close during the second quarter of 2017.

Companies Involved

Targets

 Company Name:
Address:
Brook Road, Wimborne, Wimborne Minster
Country:
United Kingdom
Phone:
44 1202 882020
Fax:
44 1202 840523
Website

Financial Information

Deal Financials

Deal Value (GBP m)
: 500.00
Deal Value (US$ m)
: 617.36
Type Of Security
: Common Stock

Advisors Info

Financial Advisors
Company Advised
Advisors
Cobham plc
J.P. Morgan Cazenove Limited

One thought on “Cobham to Raise $617.35 Million in Rights Offering

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s