Jet2 plc Repurchases Convertible Bonds

Jet2 plc, the leisure travel group, announced the repurchase of £50.0 million in principal amount of its £387.4 million convertible bonds due in 2026. The bonds were bought at a weighted average price of 103.78%, amounting to a total consideration of £51.9 million. Following this acquisition, £337.4 million of the bonds remain outstanding. The repurchased bonds will be canceled. This strategic financial move shows the company's ongoing management of its debt obligations and capital structure.

The repurchase reflects Jet2's proactive approach to handle its financial commitments. For stakeholders, this indicates a calculated step in aligning financial strategies with potentially improving market conditions.