REX Enters Into Exclusive Discussions With PAG To Fund For Its Domestic Major City Jet Operations

Regional Express Holdings Ltd (ASX:REX) has signed a long-form term sheet and is in advanced exclusive discussions with PAG Asia Capital with respect to investment by PAG of up to A$150 million to support the launch of Rex’s domestic major city jet operations.

The Funding would comprise of first ranking senior secured convertible notes. The first Funding Tranche would be of A$50 million and shall be drawn post the transaction is completed and the remaining balance shall be drawn over the next three years.

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