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Virgin Australia starts roadshow for $300 million five-year bullet offering via Goldman Sachs
By Paul A. Harris
Portland, Ore., Nov. 10 – Virgin Australia Holdings Ltd. began a roadshow on Monday for a $300 million offering of non-callable five-year senior notes (expected ratings B3/B-/), according to market sources.
A group lunch in New York and an investor conference call are scheduled to get underway at 12:30 p.m. ET on Monday.
The roadshow is scheduled to wrap up on Wednesday.
Goldman Sachs & Co. is the bookrunner for the Rule 144A and Regulation S for life offering.
The Brisbane, Australia-based airline plans to use the proceeds to build additional dollar-denominated liquidity and meet its dollar-denominated financing obligations.
Virgin Australia, formerly Virgin Blue Airlines, is Australia’s second-largest airline.
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