Avation PLC NOTES MATURITY EXTENSION -- COMPLETION (6140T)
March 26 2021 - 3:00AM
UK Regulatory
TIDMAVAP
RNS Number : 6140T
Avation PLC
26 March 2021
Via RNS and SGXNET
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER STATE
OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN
OFFER OF SECURITIES IN ANY JURISDICTION.
AVATION PLC
("AVAP" or "the Company")
SENIOR NOTES MATURITY EXTENSION - COMPLETION
Avation PLC (LSE: AVAP), the commercial passenger aircraft
leasing company, announces that, further to the announcement made
on 3 March 2021 confirming receipt of the requisite consents in
respect of its consent solicitation exercise with the holders of
the 6.5% senior notes due May 2021 issued by Avation Capital S.A.
under the group's global medium term note programme (the "Notes"),
it has now signed the Supplemental Trust Deed and all other
relevant documents to give effect to the proposals outlined in the
Company's announcement of 9 February 2021 (the "Proposals").
We therefore announce that, as of 25 March 2021, the Proposals
have come into effect and are now operative including, the
extension of the maturity date of the Notes from 15 May 2021 to 31
October 2026, the amendments to the bond terms (including the
adjustment to the coupon) and the grant of additional security.
-ENDS -
Enquiries:
Avation PLC - Jeff Chatfield, Executive Chairman +65 6252 2077
Avation welcomes shareholder questions and comments and advises
the email address is: investor@avation.net
Notes to Editors:
Avation PLC is an aircraft leasing company, headquartered in
Singapore which owns and manages a fleet of commercial passenger
aircraft leased to airlines around the world.
More information on Avation is available at www.avation.net.
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END
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