3rd Jun 2021 17:58
Jet2 PLC - airline and package holiday operator - Prices GBP387.4 million offering of guaranteed senior unsecured unrated convertible bonds due 2026. Bonds will be initially guaranteed by Jet2.com Ltd and Jet2holidays Ltd. Will be issued in amounts of GBP100,000 each and will carry a coupon of 1.625% per year, payable semi-annually. Initial conversion price set at GBP18.06.
Jet2 on Wednesday unveiled a new GBP150 million term loan and the bond offer to bolster its balance sheet and poise firm for a "strong recovery" as lockdown restrictions ease.
Current stock price: 1,293.00 pence, down 4.8% on Thursday
Year-to-date change: down 9.6%
By Lucy Heming;Â [email protected]
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