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Flight Centre Raises A$450m Convertible Notes, Repurchases A$225m Debt
1:59am on Saturday 30th of August, 2025 AEST
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Consumer Discretionary
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Flight Centre Raises A$450m Convertible Notes, Repurchases A$225m Debt
1:59am on Saturday 30th of August, 2025 AEST
Key Points
A$450 million senior unsecured convertible notes priced at 2.5% coupon
37.5% conversion premium over reference share price
Concurrent repurchase of A$225.2 million principal amount of existing 2027 and 2028 notes
Net proceeds of approximately A$440 million to fund repurchase and growth initiatives
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Flight Centre Travel (ASX:FLT)
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