RE: Harland and Wolff CFO and CEO Buy, taking advantage of this ridiculously low price.7 Mar 2023 17:12
From HARLs latest business Update.
Upsizing of debt facility with Riverstone Credit Partners LLC to a committed $100m (previously $75m) whilst the Company closes its proposed £200m refinancing in early Q2 2023.
They are going to need it with all the business coming in.
Highlights
· Backlog of confirmed contracted revenues ("Backlog") totalling circa £900m, extending over a seven-year period, of which circa £750m is represented by the previously announced FSS contract
· In addition, the Company has a weighted pipeline of new business in excess of £3.6bn of revenues over the next five years; at the current win ratio of 34%, this equates to a projected Backlog of c£1.24bn