Virgin Galactic Repurchases $354.6 Million of Convertible Notes and Issues New Debt in Private Placement

Reuters06:27

Virgin Galactic Repurchases $354.6 Million of Convertible Notes and Issues New Debt in Private Placement

Virgin Galactic Holdings Inc. has completed a series of privately negotiated repurchase agreements with select holders of its 2.50% convertible senior notes due 2027, repurchasing approximately $354.6 million in aggregate principal amount of these notes. The company financed these repurchases with cash proceeds from a registered offering and a private placement. Concurrently, Virgin Galactic entered into subscription agreements with certain investors, issuing new notes pursuant to an indenture agreement, as well as purchase warrants. The new financing arrangements include customary covenants and restrictions, and specify events of default that could make the principal and accrued interest immediately due and payable.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Virgin Galactic Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-325124), on December 18, 2025, and is solely responsible for the information contained therein.

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