Ferrari NV Announces Cash Tender Offer on Euro Notes Issued by Ferrari NV
Portfolio Pulse from Benzinga Newsdesk
Ferrari N.V. (RACE) has announced a cash tender offer on its outstanding €650,000,000 1.500 per cent. Notes due 27 May 2025. The company is inviting eligible holders to tender their Notes for purchase by the company for cash up to an aggregate nominal amount of €175,000,000.
July 06, 2023 | 7:47 am
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Ferrari's cash tender offer could potentially impact its stock as it indicates the company's financial strategy and liquidity position.
The announcement of a cash tender offer is a significant financial move by Ferrari. It indicates the company's strategy to manage its debt and could potentially impact investor sentiment. However, the exact impact on the stock price will depend on various factors including market conditions and investor interpretation of this move.
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