In Europe, Mounting Debt May Push Companies to Public Markets
MARK SCOTT
dealbook.nytimes.com
February 22, 2013
The steady revival in European stocks is offering hope to the region’s highly indebted companies seeking to raise money on the public markets.
As concerns about the fate of the euro zone wane, European companies are considering public stock offerings as part of broader plan to pay down debt and bolster profit.
The deals cannot come soon enough. The Continent’s corporate sector has a combined $430 billion of debt coming due by end of 2014, according to figures from the ratings agency Standard & Poor’s, making many companies eager to find ways of unburdening their balance sheets.
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