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Wizz Air Holdings Prices Bond Offering Of EUR 500 Mln 1.00% Notes Due In 2026

Wizz Air Holdings Plc (WIZZ.L), on Thursday, announced 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 noted that it intends to use the proceeds for general purposes, including the repayment of the 300 million 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, said, "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."

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