Avation PLC LAUNCHES U.S. DOLLAR DENOMINATED BOND OFFERING (7274V)
November 07 2017 - 1:00AM
UK Regulatory
TIDMAVAP
RNS Number : 7274V
Avation PLC
07 November 2017
NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES
OR TO U.S. PERSONS
AVATION PLC
("Avation" or "the Company")
AVATION PLC LAUNCHES U.S. DOLLAR-
DENOMINATED BOND OFFERING
-- Avation PLC's wholly owned subsidiary, Avation Group (S) Pte.
Ltd., to issue fixed rate senior notes due 2022
-- Avation PLC is rated B+/Stable by S&P Global Ratings and B+/Stable by Fitch Ratings
-- The bonds are expected to be rated B by S&P Global Ratings and B+ by Fitch Ratings
SINGAPORE, 7 November 2017 - Avation PLC ("Avation" and together
with its subsidiaries, the "Group"), is pleased to announce that
its subsidiary, Avation Group (S) Pte. Ltd. is proposing to issue
U.S. Dollar-denominated fixed rate senior notes due 2022 ("New Bond
Offering").
J.P.Morgan (S.E.A.) Limited and R.W Pressprich & Co. have
been mandated as Joint Lead Managers with J.P.Morgan (S.E.A.)
Limited being the Sole Bookrunner. Avation PLC is rated B+/Stable
by S&P Global Ratings and B+/Stable by Fitch Ratings. The notes
are expected to be rated B by S&P Global Ratings and B+ by
Fitch Ratings.
The proceeds from the New Bond Offering will be used for the
purchase of aircraft and to refinance secured debt.
- End -
Disclaimer:
The information contained in this communication is for
background purposes only and does not purport to be full or
complete. No reliance may be placed for any purpose on the
information contained in this communication. This communication and
any subsequent offer of securities may be restricted by law in
certain jurisdictions and persons receiving this communication or
any subsequent offer should inform themselves about and observe any
such restriction and must not under any circumstances forward this
communication to any other person. Failure to comply with such
restrictions may violate securities laws of any such
jurisdiction.
This communication does not constitute or form part of any offer
or invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for, any shares nor shall it or any part of
it, nor the fact of its distribution form the basis of, or be
relied on in connection with, any contract commitment or investment
decision.
This communication does not constitute an offer to sell, or a
solicitation of an offer to buy, any securities in the United
States or to U.S. Persons (as defined in Rule 902(k) under the
United States Securities Act of 1933, as amended (the "Securities
Act")). The securities mentioned in this communication have not
been and will not be registered under the Securities Act or the
securities laws of any state or other jurisdiction of the United
States and may not be offered or sold in the United States, or to,
or for the account or benefit of, U.S. Persons, except pursuant to
registration or an exemption from the registration requirements of
the Securities Act.
This communication contains forward-looking information and
statements. Investors and holders of securities are cautioned that
forward-looking information and statements are not guarantees of
future performances and are subject to various risks and
uncertainties, many of which are difficult to predict and generally
beyond the control of Avation, that could cause actual results,
developments and benefits to differ materially from those expressed
in, or implied or projected by, the forward-looking information and
statements.
More information on Avation can be seen at: www.avation.net
Avation PLC
Avation PLC is a commercial passenger aircraft leasing company,
owning and managing a fleet of jet and turboprop aircraft which it
leases to airlines across the world. The Company's customers
include Air France, Air India, Condor, Flybe, Fiji Airways, Thomas
Cook, Virgin Australia, Mandarin Airlines and VietJet Air.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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