Virgin Galactic redeems $30.5M of 9.8% notes via 6.7M share issuance

Virgin Galactic Holdings, Inc

Redeemed $30.5M principal of 9.80% First Lien Notes due 2028 by issuing 6.7M shares on June 10, 2026.
Remaining ~$172M notes outstanding; no principal payment due until March 31, 2028.
Transaction reduces cash interest obligations; part of liquidity improvement ahead of Q4 2026 commercial operations.
Shares issued in unregistered offering under Section 4(a)(2) of the Securities Act.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Virgin Galactic Holdings, Inc issued 6,734,960 shares of common stock to holders of the First Lien Notes that were redeemed for $30,524,000 in principal amount of the First Lien Notes.

Security: common stock
Shares: 6,734,960 shares
Purchaser: holders of the First Lien Notes that were redeemed
Consideration: $30,524,000 in principal amount of the First Lien Notes

Exact text from the filing

On June 10, 2026, the Company successfully redeemed $30,524,000 in principal amount of the First Lien Notes by issuing 6,734,960 shares (the “Shares”) of the Company’s common stock to holders of the First Lien Notes that were redeemed.

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Virgin Galactic Holdings, Inc filing history →

Source: SEC EDGAR

accession 0001706946-26-000092

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