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Flight Centre Travel Group Limited ( (AU:FLT) ) has issued an update.
Flight Centre Travel Group Limited has successfully priced a A$450 million offering of senior unsecured convertible notes due 2032 and completed a reverse book-build exercise for existing notes. The proceeds will be used for repurchasing existing notes, funding growth opportunities, and general corporate purposes. The company has also executed a delta placement of approximately 6.4 million ordinary shares to facilitate investor hedging activities. This strategic move is expected to enhance the company’s financial flexibility and support its growth initiatives.
The most recent analyst rating on (AU:FLT) stock is a Buy with a A$16.00 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 company operating in the travel industry, primarily offering travel services and products. It focuses on providing travel solutions to a global market, catering to both individual and corporate clients.
Average Trading Volume: 1,124,701
Technical Sentiment Signal: Sell
Current Market Cap: A$2.82B
For an in-depth examination of FLT stock, go to TipRanks’ Overview page.