American 188bet Online Sports Betting and Casino will consider selling US.5 billion in stocks and convertible bonds

Big Traffic Author of this 188bet Online Sports Betting and Casino: Sina Finance 2020-06-22
There is also news that the company also plans to issue junk bonds.

News from June 22, Beijing time,According to people familiar with the matter,American 188bet Online Sports Betting and Casino Group is seeking to raise about .5 billion through the sale of stock and convertible bonds,After months of travel disruption due to coronavirus pandemic,The company is working to enhance liquidity。

Informed sources say,The airline has been assessing demand from potential investors over the weekend,Release plans may be announced as early as Sunday,Due to confidentiality,These people asked not to be named。They said,Negotiations in progress,The timing and details of any transaction are subject to change。

A representative for American 188bet Online Sports Betting and Casino declined to comment.

According to media reports on Friday,The Fort Worth, Texas-based airline also plans to issue junk bonds,Raised approximately US billion at a yield of 11%。The company is working with Citigroup Inc. on a bond issuance,May launch as early as this week。

Last weeks,Delta 188bet Online Sports Betting and Casino Inc.、Both Southwest 188bet Online Sports Betting and Casino Co. and JetBlue Airways Corp. tap bond investors to boost liquidity。

Data display from the Transportation Security Administration,As of June 16,U.S. airline passenger traffic fell 81% year-on-year。Previously,American 188bet Online Sports Betting and Casino kicked off a passenger who refused to wear a mask on the plane,And announced that he will be banned from flying with the company until the mask requirement is lifted。

As of June 19th,US airline stocks have fallen 44% this year。In S&P,The company ranks second among the top five 188bet Online Sports Betting and Casino in the United States,Second only to Southwest 188bet Online Sports Betting and Casino。The index has fallen 47% this year。

so far,American 188bet Online Sports Betting and Casino relies mainly on .8 billion in employee salary support from the United States,Currently dealing with another 47.0 million federal loan negotiated。The airline said,The loan will be finalized this month。

*Source of this 188bet Online Sports Betting and CasinoSina Finance, original title:《American 188bet Online Sports Betting and Casino reportedly will consider selling US.5 billion in stocks and convertible bonds


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