22nd Aug 2014 11:16
LONDON (Alliance News) - Blackstone/GSO Loan Financing Ltd Friday said it has raised an additional EUR40.7 million by issuing 40.7 million shares under the over-allotment option, meaning the company raised EUR301.2 million under its initial public offering.
The company expects the new shares to be admitted to the London Stock Exchange's Specialist Fund Market on August 28.
It will have 301.2 million shares in issue following admission.
"The timing of the IPO and today's issue of new shares has proved to be excellent. July 2014 was the busiest month in the European loan market for seven years enabling the originator to deploy the IPO proceeds in a very timely manner," Chair Charlotte Valeur said in a statement.
Blackstone/GSO Loan Financing shares were Friday quoted down 2.1% at EUR1.00.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Blackstone Loan