Page 559 - Listing News Today

2 Min Read MILAN (Reuters) - Italian aerospace and defence group Leonardo last year forgave $300 million of related-party debt of its DRS unit, which is now preparing for a listing on the NYSE, the unit said in a filing to the U.S. Securities and Exchange Commission. After the transaction, New Jersey-based DRS recorded a fall in its total net debt to $427 million last year from $712 million in 2019, according to the filing. The forgiven debt was part of a $2 billion credit agreement between Leo...

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