Webjet Limited, WebBeds parent company, has today launched an offering of €100 million (approximately A$163 million) convertible notes due 2027.
John Guscic, Webjet’s Managing Director, said: “This Offering supports our ongoing focus on maintaining a strong balance sheet as we continue to navigate the challenging operating environment caused by COVID-19. The Notes are expected to diversify Webjet’s funding sources and increase our financial and strategic flexibility.”
“We continue to believe the strength of Webjet’s capital position in the current uncertain environment will provide a strategic advantage longer term, enabling the Company to execute its strategy and take advantage of opportunities as they arise.”
Read the Press Release here: Webjet Limited Announces €100 Million Convertible Notes Offering
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