Norwegian captures 246.5 million euros in a private placement and in a bond issue

Norwegian has collected 2,500 million Norwegian kronor (about 246.5 million euros) through a private placement of 27.25 million new shares and an issue of convertible bonds for 150 million dollars (135 million euros), The airline has informed Wednesday.

Both the private placement, which was carried out at a price of 40 crowns per share, and the issuance of convertible bonds were overwritten, according to the company.

Following these operations, the Norwegian airline is “fully funded” until after the end of 2020, in accordance with the provisions of the current business plan.

Specifically, Norwegian has explained that revenues from private placement and the issuance of convertible bonds ensure the necessary working capital for the winter season and create a “loose” margin for your financial obligations while completing your program of transformation.