Virgin Australia lodges replacement prospectus for Virgin Australia notes

    Virgin Australia lodged (05-Nov-2019) a replacement prospectus with the Australian Securities and Investments Commission (ASIC) for an offer of denominated unsecured notes to be listed on the Australian Securities Exchange (ASX) to raise AUD325 million (USD207.8 million) with the ability to raise more or less. Concurrent with the offer, Virgin Australia is conducting a separate offer of USD425 million in unsecured notes to institutional investors in the US and certain other jurisdictions. Proceeds from the offers will be used to fund Virgin Australia’s acquisition of Affinity Equity Partners’ approximately 35% minority investment in Velocity Frequent Flyer, with surplus proceeds being used for general corporate purposes. The notes have a maturity date five years from the date of issue, with an interest rate of 8% p/a.