March 31 (Reuters) - Webjet Ltd WEB.AX :
* WEBJET ANNOUNCES A$250 MILLION CONVERTIBLE NOTES OFFERING
* LAUNCHED AN OFFERING OF A$250 MILLION CONVERTIBLE NOTES DUE 2026
* NEW NOTES ALLOW CO TO DERISK REFINANCING OF CURRENT A$130 MILLION TERM DEBT DUE NOV 2022
* AS A RESULT OF OFFERING, LENDERS HAVE EXTENDED HALF OF REMAINING TERM DEBT TO NOVEMBER 2023
* AS A RESULT OF OFFERING, CO'S LENDERS HAVE AGREED TO REDUCE MINIMUM LIQUIDITY REQUIREMENT FROM A$125 MILLION TO A$100 MILLION
* WILL EXTEND A CONVERSION INVITATION TO HOLDERS OF ITS EXISTING EUR100 MILLION 2.50% CONVERTIBLE NOTES DUE 2027
* INTENDED THAT NEW NOTES WILL BE LISTED ON OFFICIAL LIST OF SGX-ST
* NET PROCEEDS FROM OFFERING EXPECTED TO BE USED TO REPAY A$43 MILLION OF CO'S EXISTING TERM DEBT
* NET PROCEEDS FROM OFFERING EXPECTED TO BE USED TO FUND POTENTIAL ACQUISITIONS