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Virgin Australia Holdings Ltd

Virgin Australia Holdings Ltd latest

Virgin Australia’s Unsecured Creditors to Receive up to 13 Percent of their Funds Under Bain Deal
August 26th, 2020 - 08:30 GMT

Virgin Australia’s Unsecured Creditors to Receive up to 13 Percent of their Funds Under Bain Deal

Virgin Australia Holdings Ltd’s unsecured creditors will receive an average return of 9-13% of their funds as part of U.S. private equity group Bain Capital’s proposed purchase of the airline, administrator Deloitte said in a report on Tuesday. The unsecured creditors include 6,500 bondholders who are owed A$2 billion ($1.43 billion) by the country’s second-biggest airline and will receive a return of 8.9% to 13.3%, less than the 14.4% return ...
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