June 15 (Reuters) - Virgin Australia Holdings Ltd (VAH) :
- VAH announces outcomes of capital structure review (VAH)
- Proposed offer, placement to HNA Innovation to raise proceeds A$1.01 bln
- Proposed fully underwritten A$852 million equity raising
- Proposed equity raising in form of 1 for 1 non-renounceable pro-rata entitlement offer to shareholders at A$0.21 per share
- Targeting net free cash flow savings increasing to A$300 million per annum (annualised run rate) by end of 2019 financial year
- Singapore Airlines, HNA Innovation , Virgin Group, Nanshan Group and Air New Zealand made binding commitments to take up their pro-rata entitlements
- Anticipates incurring cash restructuring costs of A$200-A$250 mln over period to 30 June 2019
- Anticipates non-cash balance sheet impairments of A$150 million - A$200 million over period to 30 June 2019
