Amadeus issues new capital and convertible bonds

TD Editor

Amadeus IT Group issued EUR 750 million (USD 818 million) in new capital and EUR 750 million (USD 818 million) in senior convertible bonds to further strengthen its capital position. This will also improve its liquidity to face the near-term uncertainty caused by the impact of COVID-19 on global travel.

The two issuances form part of the company’s contingency planning and take its liquidity to over EUR 4 billion (USD 4.36 billion). The transaction comprised issuances of new primary equity and senior convertible bonds. It was conducted via an accelerated book built offering targeted at institutional investors.

It is part of a comprehensive programme to enable Amadeus to confront even the most adverse scenarios in the current situation. The travel technology multinational currently operates in more than 190 markets around the world, with more than 19,000 employees. In 2019, it processed more than 645 million bookings and generated EUR 5.5 (USD 6 billion) in revenues.

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