Virgin Galactic to repurchase $355 million of convertible notes; shares fall

Shares of aerospace and space travel company Virgin Galactic SPCE.N fall nearly 18% to about $3.7

Co to repurchase $355 million of convertible notes

Adds that final maturity of new notes extended to December 31, 2028

SPCE says capital realignment reduces debt to $273 million from $425 million

Two of nine brokerages rate the stock "buy" or higher, four "hold" and three "sell" or lower; their median PT is $4; according to data compiled by LSEG

Including session's moves, shares down 37% YTD