NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES
OR TO U.S. PERSONS
AVATION PLC
("Avation" or "the Company")
AVATION PLC LAUNCHES U.S. DOLLAR-
DENOMINATED BOND OFFERING
· Avation PLC's wholly owned subsidiary, Avation Group (S) Pte. Ltd., to issue fixed rate senior notes due 2022
· Avation PLC is rated B+/Stable by S&P Global Ratings and B+/Stable by Fitch Ratings
· The bonds are expected to be rated B by S&P Global Ratings and B+ by Fitch Ratings
SINGAPORE, 7 November 2017 - Avation PLC ("Avation" and together with its subsidiaries, the "Group"), is pleased to announce that its subsidiary, Avation Group (S) Pte. Ltd. is proposing to issue U.S. Dollar-denominated fixed rate senior notes due 2022 ("New Bond Offering").
J.P.Morgan (S.E.A.) Limited and R.W Pressprich & Co. have been mandated as Joint Lead Managers with J.P.Morgan (S.E.A.) Limited being the Sole Bookrunner. Avation PLC is rated B+/Stable by S&P Global Ratings and B+/Stable by Fitch Ratings. The notes are expected to be rated B by S&P Global Ratings and B+ by Fitch Ratings.
The proceeds from the New Bond Offering will be used for the purchase of aircraft and to refinance secured debt.
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Disclaimer:
The information contained in this communication is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this communication. This communication and any subsequent offer of securities may be restricted by law in certain jurisdictions and persons receiving this communication or any subsequent offer should inform themselves about and observe any such restriction and must not under any circumstances forward this communication to any other person. Failure to comply with such restrictions may violate securities laws of any such jurisdiction.
This communication does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares nor shall it or any part of it, nor the fact of its distribution form the basis of, or be relied on in connection with, any contract commitment or investment decision.
This communication does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States or to U.S. Persons (as defined in Rule 902(k) under the United States Securities Act of 1933, as amended (the "Securities Act")). The securities mentioned in this communication have not been and will not be registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold in the United States, or to, or for the account or benefit of, U.S. Persons, except pursuant to registration or an exemption from the registration requirements of the Securities Act.
This communication contains forward-looking information and statements. Investors and holders of securities are cautioned that forward-looking information and statements are not guarantees of future performances and are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Avation, that could cause actual results, developments and benefits to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements.
More information on Avation can be seen at: www.avation.net
Avation PLC
Avation PLC is a commercial passenger aircraft leasing company, owning and managing a fleet of jet and turboprop aircraft which it leases to airlines across the world. The Company's customers include Air France, Air India, Condor, Flybe, Fiji Airways, Thomas Cook, Virgin Australia, Mandarin Airlines and VietJet Air.
