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Webjet Announces Settlement Of A$250m Convertible Notes Due 2026

12 Apr 2021  |  10:06:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: SETTLEMENT OF AUD250 MILLION CONVERTIBLE NOTES DUE 2026

Webjet announced the successful settlement of the issue of A$250m Convertible Notes due 2026 (the New Notes) (the Offering). The New Notes will be listed on the Singapore Stock Exchange Securities Trading on 13 April 2021. The Company has received conversion notices for EUR100m of its existing 2.50% Convertible Notes due 2027 (the Existing Notes) under the Conversion Invitation that was announced in connection with the Offering on 31 March 2021. As a result, Company has issued 39.68m ordinary shares and will make a cash payment of A$33.29m to holders of the Existing Notes.

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