July 1 (Reuters) - Webjet Ltd WEB.AX :
* LAUNCHED AN OFFERING OF EUR 100 MILLION, ABOUT A$163 MILLION, CONVERTIBLE NOTES DUE 2027
* ANNOUNCES EUR 100 MILLION CONVERTIBLE NOTES OFFERING
* NET PROCEEDS FROM OFFERING TO BE USED TO REPAY A$50 MILLION OF EXISTING TERM DEBT
* INTENDED THAT NOTES WILL BE LISTED ON OFFICIAL LIST OF SINGAPORE EXCHANGE SECURITIES TRADING LTD
* BELIEVE STRENGTH OF CO'S CAPITAL POSITION IN CURRENT UNCERTAIN ENVIRONMENT WILL PROVIDE A STRATEGIC ADVANTAGE LONGER TERM
* NO AGREEMENT OR UNDERSTANDING WITH RESPECT TO ANY POTENTIAL ACQUISITIONS OR INVESTMENTS AT THIS TIME
* AS OF 31 MAY 2020, CO HAD CASH AND CASH EQUIVALENTS OF A$215 MILLION