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Webjet Prices AUD250m Convertible Notes Due 2026 Successfully

01 Apr 2021  |  09:54:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: WEBJET SUCCESSFULLY PRICES AUD250 MILLION CONVERTIBLE NOTES

Webjet announced that it has successfully priced its A$250m convertible notes due 2026 (the Notes) (the Offering). The Notes will have a coupon of 0.75% p.a, paid on a semi-annual basis. The Notes will be convertible into FPO shares with an initial conversion price of AUD6.35 per ordinary share, which represents a conversion premium of 22.5% over the Reference Share Price (AUD5.18 per ordinary share) subject to adjustment in the manner set out in the terms and conditions of the Notes. The Notes have a maturity date of 12 April 2026.

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