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AIRCRAFT PURCHASE AND BOND ISSUANCE
AIRCRAFT PURCHASE AND BOND ISSUANCE.
About this update from Avation Plc
[{"type":"text","content":"\n \nRNS Number : 8432G Avation PLC 01 June 2017 \n\nAVATION PLC\n(\"Avation\" or \"the Company\")\n \nAIRCRAFT PURCHASE AND BOND ISSUANCE \nAvation PLC (LSE: AVAP), the commercial passenger aircraft leasing company, advises that it has priced and issued a US$20,000,000 tranche of its 7.5% senior notes due 2020 which is a tap of and to be consolidated into and form a single series with the existing US$100,000,000 7.5% senior notes due 2020 which were issued in 2015. The tranche proceeds are designated primarily for the purchase of a new ATR72-600 aircraft in June 2017. The Company expects that this aircraft will enter service under an operating lease with a new airline customer in July 2017. The issuance was made under Avation's existing US$500,000,000 Global Medium Term Notes programme.\n \nDetails of the pricing of the issue are included below in full in this announcement.\n \nAvation's Executive Chairman Jeff Chatfield said: \"The Company is expected to take delivery of an additional new ATR72-600 aircraft in June 2017. The Company has recently observed significant large scale orders for new ATR72-600 aircraft and is pleased that the regional aircraft market segment in Asia continues to develop with new airlines operating additional aircraft in line with growing passenger numbers. Avation remains with a further 27 options for ATR72-600 aircraft. The reopening tap issuance was priced at a premium at 101.25 with DBS Bank Ltd as sole bookrunner for the transaction.\"\n \n \nEnquiries: \n\n\n\n\nAvation\nJeff Chatfield, Executive Chairman\n\n\n\n\n\n \nT: +65 6252 2077\n\n\n\n\nMore information on Avation PLC can be seen at: www.avation.net\n \n\n\n\n\n\n\n\n\n\n\nNote to Editors: \nAvation PLC is a passenger aircraft leasing company, owning a fleet commercial aircraft which it leases to airlines across the world. The Company's customers include Air France, Air Berlin, Air India, Condor, Flybe, Fiji Airways, Thomas Cook, Virgin Australia, UNI Air and Vietjet Air.\n \nFull text of the tap pricing announcement:\n \n*** AVATION US$20m TAP OF US$100m 7.5% Notes due 2020: PRICED ***\n \nNOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO U.S PERSONS (AS DEFINED IN REGULATION S (\"REGULATION S\") UNDER THE U.S. SECURITIES ACT OF 1933 (THE \"SECURITIES ACT\")), OR IN...