VistaJet Malta Finance P.L.C. and VistaJet Co Finance LLC, subsidiaries of VistaJet Group Holding SA (“VistaJet”), announced today that they have now closed their offering of USD 300 million aggregate principal amount of 7.750% senior unsecured notes due 2020. Interest on the 5-year notes is payable semi-annually on June 1st and December 1st, beginning on December 1st 2015. The notes are guaranteed on a senior unsecured basis by VistaJet.

The net proceeds of the notes will be used by VistaJet to acquire aircraft and for general corporate purposes, as part of the Company’s continuing global expansion. The issuance confirms VistaJet’s position as one of the world’s leading privately owned branded business aircraft fleets, and helps the Company to fulfill the substantial and fast growing global travel needs of its corporate executive and High Net Worth Individual customers.

As part of this process VistaJet obtained its first public corporate credit ratings from Standard & Poors and Fitch, of B+/Stable and B/Stable respectively.

Thomas Flohr, Founder and Chairman of VistaJet, said, “As a first time issuer, we are very pleased with the demand and support for this offering, which to our knowledge is the first ever unsecured US Dollar bond in private aviation.”

 


 

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the notes or any other securities, nor shall there be any offer, solicitation or sale of the notes or any other securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful.

The securities referred to herein have not been, and will not be, registered under the Securities Act of 1933, as amended (the ‘‘Securities Act’’), any U.S. state securities laws or the laws of any other jurisdiction and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from the registration requirements of the Securities Act and U.S. state securities laws. The notes are being offered and sold only to persons reasonably believed to be “qualified institutional buyers”, as defined in, and in reliance on Rule 144A under the Securities Act, and to non-U.S. persons in offshore transactions outside the United States in reliance on Regulation S under the Securities Act.

×