News: VAH Virgin Australia Holdings Administrators Announce Sale & Implementation Deed With Bain...

June 26 (Reuters) - Virgin Australia Holdings Administrators:

• ASX ALERT-VAH (ADMINISTRATORS APPOINTED)- SALE AND IMPLEMENTATION DEED-VAH.AX
• CONFIRM THEY HAVE NOW ENTERED INTO A SALE AND IMPLEMENTATION DEED WITH BAIN CAPITAL
• NO RETURN TO SHAREHOLDERS IS ANTICIPATED
• AT THIS STAGE, NOT POSSIBLE TO DETERMINE ESTIMATED RETURN TO CREDITORS
• SALE AND IMPLEMENTATION DEED SUBJECT TO MINIMAL CONDITIONS PRECEDENT SUCH AS REGULATORY APPROVALS
• APPROVAL BY AUSTRALIAN TREASURER ALREADY BEEN RECEIVED BY BAIN CAPITAL

Source text https://reut.rs/388Ilij

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