Sargon appointed trustee for Virgin Australia notes offer

Sargon appointed trustee for Virgin Australia notes offer

Sargon

Sargon

November 2019  

Sargon has confirmed its appointment as trustee for Virgin Australia Holdings’ (ASX: VAH)(Virgin Australia) successful notes offer, with A$325 million in unsecured notes issued on the Australian Securities Exchange (ASX).

The notes offer forms part of Virgin Australia’s funding strategy in connection with its acquisition of 100% ownership of the Velocity loyalty program.  

As the trustee for the notes offer, Sargon is appointed under the Corporations Act to act on behalf of holders.

Sargon’s Head of Corporate Trust, Yvonne Kelaher welcomed the opportunity to act as trustee for the Virgin Australia notes offer.    

“Sargon has considerable experience in acting as trustee for debt securities.  We use technology driven solutions, underpinned by over 130 years' corporate trust experience to deliver tailored and scalable solutions that best suit our clients’ needs,”

Kelaher said.

Sargon provides a full range of trustee and agency services to the debt capital markets, including securitisation, syndicated loans and other debt financing. Our note services include acting as trustee for retail and wholesale note issues such as secured or unsecured notes, convertible notes and hybrids.