Avation PLC LAUNCH OF SENIOR NOTES MATURITY EXTENSION (0911Q)
February 23 2021 - 10:02AM
UK Regulatory
TIDMAVAP
RNS Number : 0911Q
Avation PLC
23 February 2021
Via RNS and SGXNET
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER STATE
OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN
OFFER OF SECURITIES IN ANY JURISDICTION.
AVATION PLC
("AVAP" or "the Company")
LAUNCH OF SENIOR NOTES MATURITY EXTENSION
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company, announces that, further to the announcement made 9
February 2021, it has today launched a consent solicitation
exercise (the "Consent Solicitation") to the holders
("Noteholders") of the 6.5% senior notes due May 2021 issued by
Avation Capital S.A. under the group's global medium term note
programme (the "Notes").
The expected timetable for the Consent Solicitation is set out
below:
23 February 2021 (T) - launch of Consent Solicitation and the
record date for warrants to be issued in connection with the
Consent Solicitation (the "Warrants");
2 March 2021 (T+ 8) - early consent fee expiration date;
5 March 2021 (T+11) - final consent fee expiration date (those
that submit consents after this date will not receive a consent
fee). Final date by which Noteholders may provide a separate notice
with their details for the issue of Warrants to them on the
implementation date ("Warrants Notice");
12 March 2021 (T+18) - expiration date (last date for consents
to be submitted);
16 March 2021 (T+22) - implementation and settlement date with
payment of 50bps consent fee for early voters and 25bps fee for
late voters, and signing of the supplemental trust deed and the
other transaction documents including issue of the Warrants to
Noteholders who delivered their Warrant Notice by 5 March 2021;
and
23 August 2021 - last date holders may submit a Warrant Notice
to be entitled to Warrants.
For further information, Noteholders are advised to contact our
tabulation and solicitation agent as follows:
D.F. King Limited
In London:
65 Gresham Street
London, EC2V 7NQ
United Kingdom
Telephone: +44 20 7920 9700
In Hong Kong:
Suite 1601, 16/F, Central Tower
28 Queen's Road Central
Hong Kong
Telephone: +852 3953 7208
In New York:
48 Wall Street, 22nd Floor
New York, New York 10005
Banks and Brokers call: +1 (212) 269--5550
All others call toll free: +1 (866) 356--7813.
Facsimile: +1 (212) 709--3328
Attention: Andrew Beck
Confirmation: +1 (212) 269--5552
Website: https://sites.dfkingltd.com/avation
Email: avation@dfkingltd.com
-ENDS-
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077
Avation welcomes shareholder questions and comments and advises
the email address is: investor@avation.net
Notes to Editors:
Avation PLC is an aircraft leasing company, headquartered in
Singapore which owns and manages a fleet of commercial passenger
aircraft leased to airlines around the world.
More information on Avation is available at www.avation.net.
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END
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