General Announcement::Redemption of 7.5% Senior Notes Due 2020

Issuer & Securities

Issuer/ Manager
AVATION CAPITAL S.A.
Securities
AVATIONCAPUS$100M7.5%N200527A - US05351QAA40 - 29YB
AVATIONCAPUS$100M7.5%N200527R - USL5647NAA20 - 29ZB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
10-May-2018 16:34:53
Status
New
Announcement Sub Title
Redemption of 7.5% Senior Notes Due 2020
Announcement Reference
SG180510OTHR1DUQ
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, following the settlement and funding of US$300 million 6.5% senior notes due 2021 issued recently under its global medium term note programme ("GMTN Programme"), it has now issued a redemption notice for US$150 million of the 7.5% senior notes due 2020 ( Notes due 2020 ) which represents the entirety of the first tranche of notes issued under the GMTN Programme.

The redemption will become effective on 27 May 2018 with payment to noteholders being made on 29 May 2018, in accordance with the terms of the GMTN Programme. Following redemption there will be no Notes due 2020 outstanding.

Attachments

AVAP_RNS_Redemption of 7.5 percent Senior Notes Due 2020_10May18.pdf
Total size =246K