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SATS ( (SG:S58) ) has shared an update.
SATS Ltd. has announced that its wholly-owned subsidiary, World Flight Services, Inc., has launched and priced US$100,000,000 worth of fixed-rate notes due in 2030, as part of its US$3,000,000,000 multicurrency debt issuance programme. The issuance, which is guaranteed by SATS Ltd., aims to refinance existing borrowings without increasing the Group’s overall debt, thereby maintaining its financial stability and potentially enhancing its market position.
The most recent analyst rating on (SG:S58) stock is a Buy with a S$4.26 price target. To see the full list of analyst forecasts on SATS stock, see the SG:S58 Stock Forecast page.
More about SATS
SATS Ltd. is a company involved in the aviation industry, primarily focusing on providing ground handling and catering services. The company operates through its subsidiaries, including World Flight Services, Inc., and is based in Singapore.
Average Trading Volume: 5,031,631
Technical Sentiment Signal: Sell
Current Market Cap: S$4.53B
For detailed information about S58 stock, go to TipRanks’ Stock Analysis page.