CANAL+ Secures €700 Million Bond Amid Strong Demand

Canal+ ( (GB:CAN) ) has provided an update.

CANAL+ S.A. successfully priced its first offering of €700 million in senior unsecured notes due 2030, with an annual coupon of 4.625%, following significant oversubscription that increased the issuance from €500 million to €700 million. The proceeds will be used for general corporate purposes, including refinancing part of the outstanding bridge facility used for acquiring MultiChoice Group shares. The high demand for the notes reflects confidence in CANAL+’s financial profile and strategy, enhancing its debt profile and potentially strengthening its market position.

The most recent analyst rating on (GB:CAN) stock is a Hold with a £259.00 price target. To see the full list of analyst forecasts on Canal+ stock, see the GB:CAN Stock Forecast page.

Spark’s Take on GB:CAN Stock

According to Spark, TipRanks’ AI Analyst, GB:CAN is a Neutral.

Canal+ has strong revenue growth and positive technical momentum, but these are offset by significant challenges in profitability and valuation. The negative P/E ratio and low dividend yield are major concerns, limiting the stock’s attractiveness.

To see Spark’s full report on GB:CAN stock, click here.

More about Canal+

Founded as a French subscription-TV channel 40 years ago, CANAL+ has evolved into a global media and entertainment company. It operates across the entire audio-visual value chain, including production, broadcast, distribution, and aggregation. The company is home to STUDIOCANAL, Dailymotion, CANAL+ Distribution, and provides telecommunication services through GVA and CANAL+ Telecom. CANAL+ has significant equity stakes in Viaplay, Viu, and UGC, and recently confirmed control over MultiChoice Group, expanding its reach to 40 million subscribers worldwide across over 70 countries.

Average Trading Volume: 954,403

Technical Sentiment Signal: Strong Buy

Current Market Cap: £2.5B

For an in-depth examination of CAN stock, go to TipRanks’ Overview page.