Virgin prices new notes offer
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Virgin Australia Holdings (VAH) has priced a further $US64.6 million ($68.4 million) of enhanced equipment notes, after another notes offer was announced this week.
In a statement to the Australian Securities Exchange, Virgin reported strong investor demand for the $US732.6 million notes offering announced on October 8.
The total amount to be issued is $US797.3 million at a weighted average coupon of approximately 5.6%.
The new notes will be backed by the same collateralised pool of 24 aircraft as the earlier offer, with proceeds used to repay existing financing facilities and for general corporate purposes.
Settlement of the offering is expected later this month.
Goldman Sachs acted as sole structuring agent and lead bookrunner on the transaction, while Credit Agricole Securities and Natixis were joint bookrunners on the deal.
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