Business
Replacement: Wizz Air Issues EUR 500m debut bond
Replacement: Wizz Air Issues EUR 500m debut bond.
About this update from Wizz Air Holdings Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6853L\n Wizz Air Holdings PLC\n 14 January 2021\n \n \n \n The following amendment has been made to the 'Wizz Air Issues EUR 500m debut bond' announcement released on Thursday 14 January 2021 at 7.00am under RNS No 6204L.\n \n The rating agency was changed from S&P to Fitch.\n \n All other details remain unchanged.\n \n The full amended text is shown below.\n \n \n \n \n \n Wizz Air Issues EUR 500m debut bond\n \n \n \n \n \n \n 14 January 2021\n \n , Wizz Air Holdings Plc (\"Wizz Air\"), the fastest growing and greenest European low-cost airline, is pleased to announce the pricing of its debut bond offering of EUR 500m 1.35% notes due in 2024. The offering is expected to close on 19 January 2021 subject to customary conditions. The bond offering was executed within the framework of the Euro Medium Term Note Programme previously announced by the Company on 5 August 2020.\n \n \n \n \n \n Taking advantage of a strong underlying financing market and highly attractive pricing, Wizz Air intends to use the proceeds to further strengthen its leading liquidity position. Wizz Air is rated BBB- by Fitch and Baa3 by Moody's. The offering was multiple times oversubscribed. \n \n \n \n \n \n The Joint Bookrunners were Barclays, BNP Paribas, Citigroup and J.P. Morgan. \n \n \n \n \n \n József Váradi, Wizz Air Chief Executive commented:\n \n \n \n \n \n \"We are pleased to announce our debut bond offering which demonstrates Wizz Air's access to alternative financing markets at highly attractive pricing. The proceeds will further strengthen Wizz Air's already excellent liquidity position providing continued flexibility to respond to growth opportunities, as well as providing additional financial resilience.\"\n \n \n \n \n \n Wizz Air will announce its Q3 results for the three months ending 31 December 2020 on 28 January 2021.\n \n \n \n \n \n \n \n \n ABOUT WIZZ AIR\n \n \n Wizz Air, the fastest growing and greenest European low-cost airline, operates a fleet of 136 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 40 million passengers in the financial year F20 ending 31 March 2020. Wizz Air is listed on the London Stock E...