By Marisa Wong
Los Angeles, Nov. 27 – Avia Solutions Group plc’s subsidiary, ASG Finance DAC, priced $300 million of five-year non-callable two-year senior notes (//BB) at 99.493, according to a notice.
The notes are guaranteed by Avia Solutions as well as AviaAM Leasing AB, Baltic Ground Services UAB Chapman Freeborn Holdings Ltd., FL Technics UAB and SIA Smart Aviation Holdings.
J.P. Morgan Securities plc and BNP Paribas are managers for the Regulation S and Rule 144A offering.
Avia Solutions is an aerospace company with headquarters in Cyprus, but most of its operations are in Lithuania.
| Issuer: | ASG Finance DAC
|
| Guarantors: | Avia Solutions Group plc, AviaAM Leasing AB, Baltic Ground Services UAB Chapman Freeborn Holdings Ltd., FL Technics UAB and SIA Smart Aviation Holdings
|
| Issue: | Senior notes
|
| Amount: | $300 million
|
| Maturity: | Five years
|
| Managers: | J.P. Morgan Securities plc and BNP Paribas
|
| Price: | 99.493
|
| Call option: | Non-callable for two years
|
| Announcement date: | Nov. 27
|
| Rating: | Fitch: BB
|
| Distribution: | Regulation S and Rule 144A
|
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