Wizz Air Issues EUR500 Million Bond
13 Janeiro 2022 - 05:24AM
Dow Jones News
By Anthony O. Goriainoff
Wizz Air Holdings PLC said on Thursday it is raising 500 million
euros ($572.1 million) via a bond offering, and that it will use
the proceeds for general purposes and the repayment of debt.
The Eastern Europe-focused airline said that the offering, which
is expected to close on Jan. 19, was oversubscribed multiple
times.
The London-listed budget airline said it will repay a 300
million-pound ($411 million) Covid Corporate Financing Facility in
February.
"The proceeds will further support Wizz Air as it scales up to
become an even stronger low-cost player in the coming years ,"
Chief Executive Jozsef Varadi said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
January 13, 2022 03:09 ET (08:09 GMT)
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