NYSE:SPCEAerospace & Defense
Virgin Galactic (SPCE) Uses Equity to Retire Debt Is Its Balance Sheet Strategy Evolving?
Virgin Galactic Holdings, Inc. recently completed a partial redemption notice for up to US$10,000,000 of its 9.80% First Lien Notes due 2028, using common stock issued at a volume‑weighted average price to repay principal and accrued interest under its 2025 Indenture.
This move sheds light on the company’s effort to conserve cash, trim future interest payments and increase financial flexibility ahead of targeted commercial operations in late 2026.
We’ll now examine how redeeming debt with...