New York And London, United Kingdom – VistaJet Malta Finance P.L.C. and VistaJet Co Finance LLC, subsidiaries of VistaJet Group Holding SA (“VistaJet”), have today successfully priced USD 300 million aggregate principal amount of senior unsecured notes due 2020. The 5 year notes will have an interest rate of 7.750% per annum and will not amortize. The notes will be guaranteed on a senior unsecured basis by VistaJet and certain of its subsidiaries.
The proceeds of the notes will be used to acquire aircraft as part of the further global expansion of VistaJet’s fleet, solidifying VistaJet’s position as one of the world’s largest privately owned business aircraft fleets, and for general corporate purposes.
Thomas Flohr, Founder and Chairman of VistaJet, said “We are very pleased with the demand and support for this offering and are extremely proud of this transaction, as a first time issuer which to our knowledge is the first ever unsecured bond in private aviation”
Founded in 2004 by Thomas Flohr, VistaJet has to date visited over 180 countries, landed at 1,320 airports worldwide, logged over 70,000 flights and carried over 165,000 passengers. Its unique business model provides all the benefits of owning a personal jet without the responsibilities or asset risk of ownership.
In April 2015, VistaJet announced that it had extended its global market leadership in business aviation by introducing Challenger 3501 aircraft service in the United States2; the Company’s fleet now consists of only Challenger and Global aircraft in all key markets around the world. VistaJet opened its North American sales office in New York City in November 2014.
With the exception of a former Bombardier-owned subsidiary, VistaJet and related entities have purchased and taken delivery of the largest number of new business aircraft from Bombardier. Renowned for its consistency and premium service around the globe, VistaJet is the only provider to offer branded aircraft, featuring an identical exterior livery and cabin design throughout its fleet. VistaJet’s innovative market strategy removes the burden of ownership from its customers and connects them to every corner of the world with point-to-point coverage. News and information are available at www.vistajet.com.
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.
1Either registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.
2VistaJet owned and U.S. registered aircraft are operated by Jet Aviation Flight Services Inc., or other duly licensed air carriers. VistaJet and its U.S. subsidiary, VistaJet U.S., Inc., are not U.S. direct or indirect air carriers. VistaJet aircraft registered in the U.S. are maintained to rigorous U.S. safety standards as set by the Federal Aviation Administration (FAA).
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.
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