Capital Realignment Transactions Announced by Virgin Galactic

Final Maturity of New Notes Extended to December 31, 2028

Virgin Galactic Holdings has entered into separate, privately negotiated agreements (collectively, the “Transactions”) with a limited number of certain holders of its 2.50% convertible senior notes due 2027 (the “Existing Convertible Notes”), whereby the Company plans to repurchase and retire approximately $355 million in aggregate principal amount of i…