EasyJet raises $1.7b in rights issue after spurning Wizz
EasyJet raised GBP1.2b in a stock sale, cash that will help the low-cost UK carrier weather the slow winter and prepare for a rebound in leisure travel. Existing investors purchased 93% of the 301m shares available in a rights offering at a discounted price of 410 pence each, EasyJet said Tuesday in a statement. Underwriters were working to place rest. EasyJet said earlier this month it would raise the cash to go it alone rather than sell itself at a depressed price to suitor Wizz Air. At the time, the UK airline said it was undervalued in the wake of the coronavirus pandemic and UK travel rules hindered a recovery. EasyJet also said at the time it would borrow GBP400m from lenders. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-09-29/unaligned/easyjet-raises-1-7b-in-rights-issue-after-spurning-wizz
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EasyJet raises $1.7b in rights issue after spurning Wizz
EasyJet raised GBP1.2b in a stock sale, cash that will help the low-cost UK carrier weather the slow winter and prepare for a rebound in leisure travel. Existing investors purchased 93% of the 301m shares available in a rights offering at a discounted price of 410 pence each, EasyJet said Tuesday in a statement. Underwriters were working to place rest. EasyJet said earlier this month it would raise the cash to go it alone rather than sell itself at a depressed price to suitor Wizz Air. At the time, the UK airline said it was undervalued in the wake of the coronavirus pandemic and UK travel rules hindered a recovery. EasyJet also said at the time it would borrow GBP400m from lenders. <br/>
