Virgin Galactic redeems $30.5M debt via stock issuance to eliminate principal payments through 2027

Filed June 2, 2026 · Period ending June 2, 2026 · ~1 min read

Key Changes

• high

  Company issued notice to redeem up to $30.5M of 9.80% First Lien Notes on June 10, 2026, settling in common stock rather than cash. If successful, no principal payments due until March 31, 2028.

  Item 8.01 verify on EDGAR →
• high

  Redemption amount depends on five-day volume-weighted average stock price; company will not redeem portions if price falls below floor on any day, creating uncertainty about final amount redeemed and dilution.

  Item 8.01 verify on EDGAR →
• medium

  Company previously redeemed $10M of First Lien Notes on May 18, 2026, leaving $20.4M of mandatory September 2026 redemption outstanding before this notice.

  Item 8.01 verify on EDGAR →