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Flight Centre Travel Group Limited ( (AU:FLT) ) has shared an update.
Flight Centre Travel Group Limited has announced a A$450 million offering of senior unsecured convertible notes due 2032, aimed at funding the repurchase of up to A$325 million of its existing convertible notes due 2027 and 2028. This strategic move is part of the company’s proactive capital management strategy to enhance balance sheet flexibility and support growth plans, while extending its debt maturity profile and benefiting from low-cost fixed rate funding.
The most recent analyst rating on (AU:FLT) stock is a Buy with a A$13.70 price target. To see the full list of analyst forecasts on Flight Centre Travel Group Limited stock, see the AU:FLT Stock Forecast page.
More about Flight Centre Travel Group Limited
Flight Centre Travel Group Limited is a prominent company in the travel industry, providing travel services and solutions. The company focuses on capitalizing on growth opportunities and advancing its growth plans through strategic financial management.
Average Trading Volume: 1,124,701
Technical Sentiment Signal: Sell
Current Market Cap: A$2.82B
See more data about FLT stock on TipRanks’ Stock Analysis page.