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Webuild SpA ( (IT:WBD) ) has issued an update.
Webuild is preparing a new issue of senior unsecured fixed-rate bonds, engaging in a roadshow with Italian and international qualified investors, with a syndicate of major global banks acting as joint lead managers and co-managers. The bonds will be listed on Euronext Dublin’s Global Exchange Market and placed exclusively with professional and eligible counterparties outside the U.S. and other restricted jurisdictions.
Proceeds from the new bonds will be used to refinance existing debt, including a tender offer for part of Webuild’s €250 million 3.625% notes maturing in January 2027, and for general corporate purposes. The transaction is intended to extend the average life of the group’s debt and reduce financial needs through 2027, reflecting an effort to optimize its capital structure and take advantage of favorable market conditions, with execution targeted by May 2026 if markets permit.
The most recent analyst rating on (IT:WBD) stock is a Buy with a EUR3.40 price target. To see the full list of analyst forecasts on Webuild SpA stock, see the IT:WBD Stock Forecast page.
More about Webuild SpA
Webuild S.p.A. is an Italian construction and engineering group focused on large-scale infrastructure projects. The company operates internationally, targeting complex works such as transportation networks, energy and water infrastructure, and civil engineering projects for public and private clients.
YTD Price Performance: -28.00%
Average Trading Volume: 3,743,735
Technical Sentiment Signal: Hold
Current Market Cap: €2.47B
For a thorough assessment of WBD stock, go to TipRanks’ Stock Analysis page.