UPDATE 1-Virgin Australia administrator to hold first creditors' meeting on April 30 [Reuters (UK)]
Houlihan Lokey, Inc. Class A (HLI)
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Source: Reuters
Virgin Australia administrator to hold first creditors' meeting on April 30 - Reuters 2 Min Read SYDNEY (Reuters) - Virgin Australia Holdings Ltd’s ( VAH.AX ) administrators said they will hold a first meeting of creditors on April 30 and have retained Houlihan Lokey to advise them on restructuring the airline. Virgin on Tuesday entered voluntary administration in an attempt to restructure its crippling A$5 billion ($3.2 billion) debt load as it struggles with a lack of demand due to the coronavirus pandemic. More than 10 parties have already expressed interest in restructuring the country’s second-biggest airline, Vaughan Strawbridge, one of the four partners from Deloitte who were appointed as administrators, said on Tuesday. Australian private equity group BGH Capital is among the interested parties, two people familiar with the matter have told Reuters on condition of anonymity. BGH declined to comment. Houlihan Lokey had been advising Virgin on recapitalization options prior to
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HLI
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- 10/30/25 - Beat
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