🟢 Prysmian is trading 3.03% up today as Atkore financing and leverage concerns moderate

Prysmian is trading 3.03% up now at €125.80 as investors reassess the financing and leverage implications of its Atkore acquisition.

• The $3.8 billion transaction is expected to use a mix of debt, hybrid instruments, and equity.
• Management indicated pro forma leverage of approximately 1.4 times net debt to EBITDA, following Prysmian’s August 5 rebound as balance-sheet concerns moderated.