Shares of Rolls-Royce Holdings PLC (LON: RR.) fell nearly 10% in the last two days after the company said that it still explores a range of funding options to improve its liquidity, including debt and equity. No final decisions have been made, the engine maker insists.
Responding to media speculation, the firm adds that it has already taken decisive actions, such as securing a £6.1 billion loan at the end of the first half of the year and a further £2bn term loan agreed in the second half.
“We have also announced £1bn of cost mitigation activity in 2020 and launched a reorganisation of our Civil Aerospace business to save £1.3bn annually,” Rolls-Royce said in a statement.
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“We have also identified a number of potential disposals that are expected to generate proceeds of more than £2bn over the next 18 months, including ITP Aero.”
Rolls-Royce share price dipped to 182.60p yesterday to trade at these levels for the first time since 2004.
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