Virgin Australia announces $250m notes offer

Company News

by Anna Napoli

Virgin Australia (ASX:VAH)  has announced the successful pricing of AUD$250 million senior unsecured fixed rate notes due 5 March 2024.

The Notes were priced yesterday with settlement and completion expected to occur on 5 March 2019, subject to closing conditions.

The net proceeds of the proposed Notes will be used by the Group to refinance part of its existing bond which matures later this year, as well as for general corporate purposes.

The note offer comes after the airline delivered its best result in a decade earlier this month.

Shares in Virgin Australia (ASX:VAH) Closed flat at 19.5 cents yesterday.