By Adriano Marchese 
 

Rolls-Royce Holdings PLC said Wednesday that it continues to review a range of funding options to further strengthen its balance sheet, but that it has yet to make a final decision.

The U.K. engineering company said it is mulling the idea of debt and equity as a part of its funding options review.

It noted that it has already taken action to strengthen its liquidity with 6.1 billion pounds ($7.86 billion), and with a further GBP2 billion term loan agreed in the second half of the year.

This is intended to complement the already-announced cost-mitigation worth GBP1 billion in 2020, as well as the reorganization of its civil-aerospace business to save an additional GBP1.3 billion annually.

Moreover, the company said it has identified a number of potential disposals that are expected to generate proceeds of more than GBP2 billion over the next 18 months, which include the sale of ITP Aero.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

September 16, 2020 13:07 ET (17:07 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Grafico Azioni Rolls-royce (LSE:RR.)
Storico
Da Ott 2020 a Nov 2020 Clicca qui per i Grafici di Rolls-royce
Grafico Azioni Rolls-royce (LSE:RR.)
Storico
Da Nov 2019 a Nov 2020 Clicca qui per i Grafici di Rolls-royce