REG - Wizz Air Holdings - Wizz Air Issues EUR 500m Bond

Wizz Air HoldingsAnnouncement

13/01/2022 07:05

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RNS Number : 2819Y  Wizz Air Holdings PLC  13 January 2022

Wizz Air Holdings Plc

 

WIZZ AIR ISSUES EUR 500M BOND

 

Geneva, 13 January 2022: Wizz Air Holdings Plc ("Wizz Air"), the fastest
growing European low-cost airline, is pleased to announce the pricing of its
bond offering of EUR 500m 1.00% notes due in 2026.

 

The offering is expected to close on 19 January 2022 subject to customary
conditions. The bond offering was executed within the framework of the Euro
Medium Term Note Programme.

 

Taking advantage of robust financing markets and very attractive pricing, Wizz
Air intends to use the proceeds for general purposes, including the repayment
of the 300m GBP CCFF facility in February 2022. 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 Group Chief Executive Officer commented:

 

"We are pleased to announce our second bond offering at even more attractive
pricing levels compared to our debut offering last year. The proceeds will
further support Wizz Air as it scales-up to become an even stronger low-cost
player in the coming years."

 

Wizz Air will announce its Q3 results for the three months ending 31 December
2021 on 26 January 2022.

 

- Ends -

 

ABOUT WIZZ AIR

Wizz Air, the fastest growing European low-cost airline, operates a fleet of
149 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 10.2 million passengers in the financial year F21 ending 31 March
2021. 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, recognizing individuals and organizations that have
distinguished themselves through outstanding performance, innovation, and
superior service.

 

 

 For more information:

 Investors:  Zlatko Custovic, Wizz Air                               +36 1 777 9407

 Media:      Christie Rawlings, Wizz Air                             +36 70 685 1583/ +44 78 1115 5205

             Natasha Seager Smith, Wizz Air:                         +36 1 777 8475

             Edward Bridges / Jonathan Neilan, FTI Consulting LLP:   +44 20 3727 1017

 

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