Norwegian Air shares drop 60% after proposed debt-for-equity swap

This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXNPEG3D0G2_L.jpg

If approved by creditors and shareholders, the plan would convert $4.3 billion of debt into equity, and also raise some new equity, wiping out much of the remaning value of the company’s current shares.

Add Comment