Company News Summary | 20 Oct 2021

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Flight Centre Travel Group Announces A$400M Convertible Notes Issue

18:06:00 | Associate analysts

Original annuncemenet:FLT A$400M Convertible Notes Issue

Flight Centre Travel Group announced an offering of A$400m senior unsecured convertible notes due 2028, which are convertible into FPO shares in Flight Centre ("Ordinary Shares") (the "Notes") (the "Offering"). The funds raised will allow the Company to retire short-term debt, specifically the GBP115m Bank of England's COVID-19 Corporate Financing Facility ("CCFF"); Take benefit of interest rates to secure low-cost fixed rate funding; and more.

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