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Samsonite International SA ( (HK:1910) ) has issued an announcement.
Samsonite International SA has announced a significant refinancing initiative involving the issuance of €350 million in 4.375% Senior Notes due 2033, alongside new senior credit facilities. This financial restructuring includes a new revolving credit facility of US$850 million and new term loan facilities totaling US$1,294 million, aimed at refinancing existing senior notes due 2026 and enhancing the company’s financial flexibility. The completion of these financial arrangements is expected to bolster Samsonite’s liquidity and support its strategic growth initiatives.
The most recent analyst rating on (HK:1910) stock is a Hold with a HK$17.50 price target. To see the full list of analyst forecasts on Samsonite International SA stock, see the HK:1910 Stock Forecast page.
More about Samsonite International SA
Samsonite International SA is a company incorporated in Luxembourg, primarily engaged in the luggage and travel accessories industry. The company focuses on producing high-quality travel bags, suitcases, and related products, catering to both individual consumers and business clients globally.
YTD Price Performance: -19.92%
Average Trading Volume: 5,021,892
Technical Sentiment Signal: Sell
Current Market Cap: HK$22.53B
See more insights into 1910 stock on TipRanks’ Stock Analysis page.