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Old 7th May 2020, 02:29
  #109 (permalink)  
Section28- BE
 
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Notice to virgin australia noteholders
The following extracts ex the Deloitte/Virgin webpage (https://www2.deloitte.com/au/en/page...sidiaries.html) and the Administrators correspondence to "Unsecured Noteholders" of 06 May:

'SEEKING EXPRESSIONS OF INTEREST IN RESPECT OF NOTEHOLDER CONSULTATIVE COMMITTEE'
And:
'We also refer to the following notes issued by Virgin Australia Holdings Limited:
  1. USD350M 7.875% unsecured senior notes due 2021.
  2. AUD150M 8.25% unsecured fixed rate notes due 2023.
  3. AUD250M 8.075% unsecured fixed rate notes due 2024
  4. USD425M 8.125% unsecured senior notes due 2024
  5. AUD325M 8% unsecured senior notes due 2024
(together the “Notes”).'
The 'margin' is interesting ('I' thought ???), given the times relative to the broader economy and global rate cutting/quantitative easing etc. by Central Banks of recent years. Be a tough 'Gig' chairing/running this 'consultative process'................, I would have thought.

Rgds
S28- BE
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