Redemption Of Senior Notes Due 2026
Avation PLC has successfully redeemed all outstanding senior notes due 2026 following the settlement of its newly issued US$300 million senior 8.5% notes due 2031. This action concludes all notes under the company's original 2015 global medium term note programme, demonstrating Avation's ten-year track record as a high-yield bond issuer.
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Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company announces that, following the settlement and funding of the newly issued US$300 million Avation Group (S) Pte. Ltd. senior 8.5% notes due 2031, issued under its recently established US$1 billion global medium term note programme, it has completed the redemption of all outstanding Avation Capital S.A. senior 9%/8.25% PIK toggle notes due 2026.
Following this redemption there remain no notes outstanding under Avation's original global medium term note programme established in 2015.
Jeff Chatfield, Executive Chairman of Avation said "We are delighted to have repaid another series of notes under the Company's global medium term note programmes. This demonstrates that Avation has been a successful bond-issuer in the high yield markets for over ten years."
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