Regional Express (ASX:REX) raises $150M through PAG deal
Regional Express (ASX:REX) raises $150M through PAG deal SubscribeBe the first with the news that moves the market Regional Express (REX) has completed its investment transaction with PAG Regulus to raise up to $150 million With a head office in Sydney, REX is Australia's largest independent regional and domestic airline Regional will use the capital exclusively to fund its domestic operations The first tranche of $50 million has already been drawn down, with secured convertible notes issued to PAG The remaining balance of $100 million will be available for drawdown over three years Meanwhile...
Source: themarketherald.com.au