General Announcement::SENIOR NOTES - ALL CASH INTEREST ELECTION

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAP US$300M6.5%210515A - US05351CAA53 - 8ULB
AVATIONCAP US$300M6.5%210515R - USL56473AA67 - 8UMB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
10-May-2022 15:09:13
Status
New
Announcement Sub Title
SENIOR NOTES - ALL CASH INTEREST ELECTION
Announcement Reference
SG220510OTHRTIP6
Submitted By (Co./ Ind. Name)
Duncan Scott
Designation
Group General Counsel
Description (Please provide a detailed description of the event in the box below)
Avation PLC (AVAP: LSE), the commercial passenger aircraft leasing company announces that it has elected to pay all cash interest at 8.25 per cent per annum on its US$350 million Senior PIK Toggle Notes due 2026 issued under its Global Medium Term Note Programme. The all cash interest will be payable to holders of the notes on 15 May 2022 in accordance with the terms and conditions of the notes.