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BRIEF-Webjet Announces EUR 100 Million Convertible Notes Offering

Published 01/07/2020, 06:30 pm
Updated 01/07/2020, 06:36 pm
© Reuters.

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

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