The company plans to raise $1.5 billion by selling shares and convertible senior notes due 2025, the airline said in a statement. The company expects to use the net proceeds from the stock and convertible notes offerings for general corporate purposes and to enhance its liquidity position, the airline added. The stock and convertible notes offerings, first reported by Bloomberg News, include a 30-day option for the underwriters to purchase up to $112.5 million of additional common shares and up to $112.5 million of additional convertible notes respectively, the company said. …read more
Source:: Yahoo Finance
