AWAS Aviation to roadshow $600 million split-rated six-year notes during Sept. 27 week

By Paul A. Harris

St. Louis, Sept. 24 - AWAS Aviation Capital Ltd. will market a split-rated $600 million offering of six-year senior secured notes (Ba2/BBB-) in the week ahead, according to an informed source.

Goldman Sachs is the left active bookrunner for the Rule 144A and Regulation S with registration rights offer. Morgan Stanley is the joint active bookrunner. Deutsche Bank Securities the passive bookrunner. Credit Agricole CIB is the co-manager.

The notes come with three years of call protection.

The Dublin, Ireland-based aircraft leasing company will use the proceeds to repay debt, finance purchase of new aircraft and for general corporate purposes.

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