Latecoere completes €124.4m rights issue

Nov 17, 2023 · Funding · Latecoere · Subsystems

Latecoere completed a rights issue of approximately €124.4 million to support industrial ramp-up and working-capital needs.

Latecoere company media
Company media · Latecoere
  • The transaction used shareholders’ preferential subscription rights and included full exercise of the extension clause.
  • Management tied the financing to investment in operational capabilities and working capital during a period of 40% first-half growth.
  • The disclosure described roughly 6,000 employees working to meet higher customer-volume demand.