Flight Centre kicks off pitch for $500m rescue raising
Sarah Thompson, Anthony Macdonald and Tim Boyd
Apr 3, 2020 – 1.03pm
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Listed travel group Flight Centre is in front of a small group of fund managers seeking support for what would be a company-saving equity raising.
It is understood Flight Centre and its bankers are trying to secure early support for a $500 million equity raising, which would take place at a substantial discount to its last traded price.
The deal is priced at $7.20 a share, investor sources said.
Capital Raising Estimate, page-29
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