XTRA:R3NKMachinery
RENK Group (XTRA:R3NK) Refinancing Leaves An Open Question On Valuation
RENK Group (XTRA:R3NK) has completed a major refinancing, replacing its leveraged buyout debt with a €1.05b unsecured syndicated loan package. This change in capital structure is central to the company’s current stock story.
See our latest analysis for RENK Group.
RENK Group’s refinancing news comes after a mixed price pattern, with the share price up about 13% over the past 30 days but down about 12% over 90 days and the one year total shareholder return down about 29%. The recent short term...