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Virgin Australia’s Voluntary Administrators Entered Into Sale & Implementation Deed with Bain Capital

  • June 26, 2020 01:05 PM AEST
  • Team Kalkine

The Voluntary Administrators of Virgin Australia Holdings Limited (ASX:VAH), John Greig, Sal Algeri, Richard Hughes and Vaughan Strawbridge have received binding proposals from each of Bain Capital and Cyrus Capital Partners LP on 22 June. They also received many proposals from other interested parties this week along with the proposal from the reps of an Ad Hoc group of bondholders of VAH.

Based on these bids, the Voluntary Administrators have entered into a Sale and Implementation Deed with Bain Capital for the sale & recapitalisation of the businesses of VAH & its subsidiaries.

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