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Virgin Australia talks dollar-denominated five-year notes to yield 7¾%-8%; books close Friday
By Paul A. Harris
Portland, Ore., Oct. 6 – Virgin Australia Holdings Ltd. talked a to-be-announced amount of dollar-denominated five-year senior notes to yield 7¾% to 8%, an informed source said on Thursday.
Books close on Friday.
Official talk comes tight to initial guidance of 8%, according to a trader.
UBS Investment Bank is the left lead bookrunner for the Rule 144A for life and Regulation S deal. Goldman Sachs & Co. is the joint bookrunner.
Proceeds will be used for general corporate purposes and to fund capital needs and improve the diversity and tenor of the company’s funding profile.
Virgin Australia, formerly Virgin Blue Airlines, is Australia’s second-largest airline. The company is based in Brisbane.
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