Webjet (ASX:WEB) bosts equity raising - Sequoia Direct

02AprApril 2, 2020

Webjet (ASX:WEB) bosts equity raising

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/275640/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/Headlines04_360_200402.jpg’]

Webjet (ASX:WEB) has successfully completed its $115 million institutional placement and the institutional component of its 1 for 1 accelerated nonrenounceable pro-rata entitlement offer.

The Institutional Offer raised approximately $231 million from the subscriptions for new fully paid ordinary shares in Webjet at a price of $1.70 per New Share.

The Equity Raising is now expected to raise a total of approximately $346 million of gross proceeds

Bain Capital Bain Capital has been allocated and agreed to subscribe for $25 million of shares in the Placement.

Shares in Webjet (ASX:WEB)

Copyright 2020 – Finance News Network

Source: Finance News Network

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