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Milestone Aviation's $250 million five-year notes talked with 8¾% area yield, pricing Wednesday
By Paul A. Harris and Aleesia Forni
Columbus, Ohio, Dec. 12 - Milestone Aviation Group Ltd. is planning to sell a $250 million issue of five-year senior notes Wednesday with a yield talked in the 8¾% area, a market source said.
Books close at 1 p.m. ET on Wednesday.
Jefferies & Co., Bank of America Merrill Lynch and Nomura are the joint bookrunners for the Rule 144A and Regulation S for life deal.
The notes will be non-callable for three years.
Proceeds will be used to finance the purchase of aircraft and to refinance previously purchased aircraft, with the remainder, if any, to be used for general corporate purposes.
Milestone is a Dublin, Ireland-based global aircraft leasing company exclusively focused on helicopters.
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