Webjet Limited’s A$346 Million Capital Raising

Oxylabs' Appeal of Dismissal of IP Dispute


Ashurst has advised Goldman Sachs, Credit Suisse and Ord Minnett on Webjet Limited’s A$346 million capital raising.

Goldman Sachs, Credit Suisse and Ord Minnett acted as underwriters and joint lead managers of Webjet’s accelerated non renounceable entitlement offer and placement.

The proceedings from the equity raising will be used to strengthen the balance sheet and provide for operating costs and capital expenditure through to the end of 2020.

Webjet, the largest travel agency in Australia and New Zealand, has faced a material escalation in cancellation rates of near-term travel and a significant reduction of overall travel activity as a result of the spread of COVID-19 globally and associated government restrictions.

Ashurst has advised Goldman Sachs, Credit Suisse and Ord Minnett as the joint lead managers and underwriters of the equity raising. The Ashurst team was led by partner Sarah Dulhunty (Picture), who was assisted by Senior Associate Lin Ma and lawyer David Tilley .

Involved fees earner: Sarah Dulhunty – Ashurst; Lin Ma – Ashurst; David Tilley – Ashurst;

Law Firms: Ashurst;

Clients: Credit Suisse; Goldman Sachs; Ord Minnett;

Author: Michael Patrini