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MaireTecnimont Raises €275 Million Through Sustainability-Linked Notes Offering

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MaireTecnimont Raises €275 Million Through Sustainability-Linked Notes Offering

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MaireTecnimont SpA ( (IT:MAIRE) ) just unveiled an update.

MaireTecnimont S.p.A. has successfully completed the offering of its ‘Senior Unsecured Sustainability-Linked Notes Due 2030,’ raising €275 million. The proceeds will be used to refinance existing debt, aligning with the company’s strategy to optimize its financial structure. The notes, which will be traded on the Luxembourg Stock Exchange and Borsa Italiana, carry a 4% interest rate, with potential adjustments based on decarbonization targets. Additionally, the company plans an early redemption of its 2028 notes, further enhancing its financial strategy.

The most recent analyst rating on (IT:MAIRE) stock is a Buy with a EUR15.50 price target. To see the full list of analyst forecasts on MaireTecnimont SpA stock, see the IT:MAIRE Stock Forecast page.

More about MaireTecnimont SpA

MaireTecnimont S.p.A. operates in the engineering and construction industry, focusing on the development of large-scale industrial plants, particularly in the petrochemical and energy sectors. The company is known for its expertise in providing integrated engineering and construction services, with a strong emphasis on sustainability and innovation.

Average Trading Volume: 436,985

Technical Sentiment Signal: Buy

Current Market Cap: €4.28B

For detailed information about MAIRE stock, go to TipRanks’ Stock Analysis page.

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