8-KCurrent report
Other events
✓ VerifiedVirgin Galactic issued a redemption notice for up to $30,523,315 of its 9.80% first lien notes on June 10, 2026 at par, front-running the $30,392,486 mandatory redemption due by September 30.
Filed Jun 2, 2026 · 08:08 ET
Summary
- The indenture requires redemption of $30,392,486 of the first lien notes by September 30, 2026; a $10,000,000 May 18 redemption left $20,392,486 of that requirement.
- The June 2 notice covers up to $30,523,315 at par plus accrued interest on June 10, 2026, which would also satisfy the $10,130,829 amortization payment due by December 31, 2027.
- The company frames the early redemption as reducing cash interest ahead of commercial operation in the fourth quarter of 2026.
Key facts
- Redemption
- up to $30,523,315 at par
From the filing for Redemption
“the redemption of up to $30,523,315 of the First Lien Notes on June 10, 2026 (the "Redemption Date") at a redemption price of par”
Why it mattersPaying down 9.80% paper early is the cheapest liquidity move available while the ATM window is open.
- Filed
- Jun 2, 2026
- Accepted
- 2026-06-02 12:08Z
- Period
- Jun 2, 2026
- Accession no.
- 0001193125-26-252565
- Size
- 136 KB
- Index
- Filing index