Chanticleer
Why Webjet is using revenge travel cash to buy back pandemic-era funds
The travel bookings group has had a boom and bust few years. It is booming again, and thinking about cleaning up its capital structure.
How times have changed for Webjet boss John Guscic and his chief financial officer Tony Ristevski.
Only 3½ years after a company saving equity raising, and two years since it tapped convertible bond markets for more funds, the group has $514 million in cash and seeing transaction value levels ahead of its pre-COVID numbers.
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