Webjet (ASX:WEB) bosts equity raising

Company News

by Rachael Jones

Webjet (ASX:WEB) has successfully completed its $115 million institutional placement and the institutional component of its 1 for 1 accelerated nonrenounceable pro-rata entitlement offer.

The Institutional Offer raised approximately $231 million from the subscriptions for new fully paid ordinary shares in Webjet at a price of $1.70 per New Share.

The Equity Raising is now expected to raise a total of approximately $346 million of gross proceeds

Bain Capital Bain Capital has been allocated and agreed to subscribe for $25 million of shares in the Placement.

Shares in Webjet (ASX:WEB)