Virgin Australia's unsecured creditors to get 9-13% return under Bain deal

By Jamie Freed SYDNEY (Reuters) - Virgin Australia Holdings Ltd's unsecured creditors will receive an average return of 9-13% of their funds as part of U.S. private equity group Bain Capital's proposed purchase of the airline, administrator Deloitte said in a report on Tuesday. The unsecured creditors include 6,500 bondholders who are owed A$2 billion ($1.

43 billion) by the country's second-biggest airline and will receive a return of 8.4-12.8%, less than the 14.4% return for critical suppliers. Priority creditors.....

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