Helloworld Travel outlines liquidity position

20 October, 2020

Helloworld Travel stated (15-Oct-2020) as of 30-Jun-2020, the group had a cash balance of AUD131.9 million (USD93.1 million), and in Jul/Aug-2020, the company completed its fully underwritten equity raising to further enhance its liquidity position. At the end of Sep-2020, the group had circa AUD100 million (USD70.6 million) of unrestricted cash, with an additional AUD8.9 million (USD6.3 million) of headroom. The company prepaid AUD20 million (USD14.1 million) of borrowings in Oct-2020, which can be redrawn with Westpac's consent, reducing annual interest costs of approximately AUD420,000 (USD296,336). [more - original PR]