Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 23-05-2013 | Practice Area: | Equity Capital Markets |
| Deal Title: | FirstGroup plc Rights Issue | Industry: | Travel & Leisure |
| Description: |
Leading offshore law firm, Mourant Ozannes, has advised FirstGroup plc on its rights issue to raise approximately GBP615 million.
Partner James Ruane, with Senior Associate, Jon Woolrich and Associate, Suzanne Borrowman of Mourant Ozannes' Jersey office advised FirstGroup plc on the placing, which was announced on 20 May 2013 and involved a Jersey cash box structure.
The proceeds of the rights issue will be used for continued investment in the business and to reduce FirstGroup's net indebtedness by paying down borrowings under the group's bank facilities.
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| Financial Center: | Jersey | Value: | 500.01-1000.00 |
| Advised Party: | Issuer | Law Firm | Mourant Ozannes |
| Issuer Jurisdiction-- | Jersey | Listing Jurisdiction-- | Jersey |
| Classification: |
Rights Issues |
Lawyer | James Ruane |
