By Christine Van Dusen
Atlanta, May 20 – Avation plc – through subsidiary Avation Capital SA – priced $100 million 7˝% notes due in 2020 at 99, according to a company announcement.
R.W. Pressprich, DBS Bank and Seaport Global Securities LLC were the lead arrangers and initial dealers for the transaction.
The proceeds will be used to finance and refinance the group’s acquisition of commercial passenger aircraft.
Other details were not immediately available on Wednesday.
Avation, an international commercial aircraft leasing firm, has its headquarters in Singapore.
Issuer: | Avation Capital SA
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Amount: | $100 million
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Maturity: | 2020
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Description: | Notes
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Bookrunners: | R.W. Pressprich, DBS Bank, Seaport Global Securities
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Coupon: | 7˝%
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Price: | 99
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Trade date: | May 20
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Settlement date: | May 27
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