Wizz Air Holdings PLC Replacement: Wizz Air Issues EUR 500m debut bond (6853L)
January 14 2021 - 3:17AM
UK Regulatory
TIDMWIZZ
RNS Number : 6853L
Wizz Air Holdings PLC
14 January 2021
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.
The rating agency was changed from S&P to Fitch.
All other details remain unchanged.
The full amended text is shown below.
Wizz Air Issues EUR 500m debut bond
14 January 2021 , 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.
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.
The Joint Bookrunners were Barclays, BNP Paribas, Citigroup and
J.P. Morgan.
József Váradi, Wizz Air Chief Executive commented:
"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."
Wizz Air will announce its Q3 results for the three months
ending 31 December 2020 on 28 January 2021.
ABOUT WIZZ AIR
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 Exchange under the ticker
WIZZ. The company was recently named one of the world's top ten
safest airlines by airlineratings.com , the world's only safety and
product rating agency, and 2020 Airline of the Year by ATW, the
most coveted honour an airline or individual can receive,
recognising individuals and organisations that have distinguished
themselves through outstanding performance, innovation, and
superior service.
- ENDS -
For more information:
Investors: Evelin Horvath, Wizz Air +41 22 555 9863
Sanja Pavel, Wizz Air:
Edward Bridges / Jonathan Neilan, +36 1 777 8418
Media: FTI Consulting LLP: +44 20 3727 1000
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END
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