Webuild Raises €500 Million in Oversubscribed Bond to Refinance Debt and Extend Maturities

An update from Webuild SpA ( (IT:WBD) ) is now available.

Webuild has successfully priced a €500 million senior unsecured fixed-rate bond with a six-year maturity and a 4.5% annual coupon, issued at par and reserved for qualified investors, with planned listing on Euronext Dublin. The proceeds will be used to refinance existing debt, including a partial repurchase of its 2027 notes via a tender offer, and for general corporate purposes, helping extend the group’s average debt maturity and reduce funding needs through 2027.

Investor demand exceeded the offer by more than five times, with orders from over 250 institutional investors and more than three-quarters of allocations going to foreign accounts, mainly in the UK, France and Germany. The strong take-up, achieved despite a volatile macroeconomic and geopolitical backdrop, underscores Webuild’s improved credit standing following double rating upgrades to BB+ and supports its strategy to optimise its capital structure and reinforce its position in international bond markets.

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 globally, serving public and private clients with complex works such as transport networks, energy infrastructure and civil engineering, and targets both domestic and international markets, notably in Europe.

Average Trading Volume: 3,754,259

Technical Sentiment Signal: Hold

Current Market Cap: €2.47B

For a thorough assessment of WBD stock, go to TipRanks’ Stock Analysis page.