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135.50    0.00 (0.00%)
Bid:
133.50
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Spread: 4.00 (2.996%)
Market Cap: £81.20m
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NEW BOND ISSUE – GMTN PROGRAMME

21 Oct 2025 13:57

RNS Number : 2579E
Avation PLC
21 October 2025
 

 Via RNS and SGXNET

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, EXCEPT TO "QUALIFIED INSTITUTIONAL BUYERS" ("QIBs") IN RELIANCE ON RULE 144A ("RULE 144A") UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR IN OR INTO ANY OTHER JURISDICTION IF SUCH AN ACTION IS PROHIBITED BY APPLICABLE LAW.

 

AVATION PLC

("Avation" or "the Company")

 

NEW BOND ISSUE - GMTN PROGRAMME

This announcement is not an offer to sell or a solicitation of any offer to buy the securities of Avation Group (S) Pte. Ltd. or Avation PLC (the "Securities") in the United States, European Economic Area (including the United Kingdom), Japan, Hong Kong, Luxembourg, Singapore, or in any other jurisdiction where such offer or sale would be unlawful.

The Securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state of the United States. Consequently, the Securities may not be offered, sold or otherwise transferred within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of the Securities is being or will be made in the United States.

Avation PLC (LSE: AVAP), the commercial passenger aircraft leasing company advises that further to its announcement today regarding the establishment of a new US$1,000,000,000 Global Medium Term Note Programme ("GMTN Programme"), it is proposing the issue of notes under the GMTN Programme as follows:

Issuer

Avation Group (S) Pte. Ltd.

Guarantor

Avation PLC

Face Amount

$300 million

Security

Senior Notes due 2031

Structure

5.5NC2 (1st call @ Par + 50% of coupon)

Minimum Denoms

$200,000 x $1,000

Distribution

144A / Reg S for Life

Initial Price Talk (IPT)

Low-Mid 8%s

Business Description

Avation PLC (LSE: AVAP, "Avation" or the "Company") is an aircraft leasing group managing a fleet of 33 commercial aircraft, including turboprop, widebody and narrowbody styles. Avation leases its fleet to 16 airline customers in 14 countries across Europe and Asia

Use Of Proceeds

To refinance its existing Senior Notes due 2026 and pay transaction related fees and expenses

Settlement

T+10

Joint Lead Managers

WFS (B&D) / HSBC

Managers

Deutsche Bank / MUFG / Crédit Agricole CIB / Zeus Capital / Imperial Capital / Pareto Securities

Timing

Pricing Thursday, October 23rd

Investor Call

Today, October 21, at 11:00 AM ET

CALL INFO & SLIDES:

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Global Dial-In Numbers

Access Code: 891960

* * *

FCA / ICMA stabilization applies.

This announcement is not an offer to sell or a solicitation of any offer to buy the securities of Avation Group (S) Pte. Ltd. or Avation PLC (the "Securities") in the United States, European Economic Area (including the United Kingdom), Japan, Hong Kong, Luxembourg, Singapore, or in any other jurisdiction where such offer or sale would be unlawful.

The Securities have not been and will not be registered under the Securities Act, or the laws of any state of the United States. Consequently, the Securities may not be offered, sold or otherwise transferred within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of the Securities is being or will be made in the United States.

This communication is being distributed to and is only directed only at (i) persons who are outside the United Kingdom; (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); (iii) high net worth entities falling within Article 49(2)(a) to (d) of the Order; and (iv) other persons to whom it may lawfully be communicated (all such persons in (i), (ii), (iii) and (iv) above together being referred to as "relevant persons"). Any invitation, offer or agreement to subscribe for, purchase or otherwise acquire securities will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.

In any member state of the European Economic Area, this communication is only addressed to and is only directed at qualified investors in such member state within the meaning of the Prospectus Regulation EU 2017/1129 (the "Prospectus Regulation"), and no person that is not a qualified investor may act or rely on this communication or any of its contents. In the United Kingdom, this communication is only addressed to and is only directed at qualified investors within the meaning of the Prospectus Regulation as it forms part of domestic law, and no person that is not a qualified investor may act or rely on this communication or any of its contents.

 

-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 a commercial passenger aircraft leasing company, headquartered in Singapore, owning and managing a fleet of widebody, narrowbody jet and turboprop aircraft which it leases to airlines across the world. The Company's customers include 16 airlines in 14 countries. Avation's fleet of aircraft is currently fully leased and utilised. The Company is listed on the London Stock Exchange with ticker AVAP.L, more information on Avation is available at www.avation.net.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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IODPKDBPBBDDQKB
Date   Source Headline
24th Apr 201410:17 amRNSAppointment of Non-Executive Director
10th Apr 20147:00 amRNSLowers cost on US$33 million senior debt
2nd Apr 20147:00 amRNSNew Airline Customer - Uni Air
14th Mar 20147:00 amRNSCompletion of Sale of New Aircraft
13th Mar 20147:00 amRNSAdmission of New Shares and Total Voting Rights
10th Mar 20147:00 amRNSAdmission of New Shares and Total Voting Rights
7th Mar 20149:07 amRNSIssue of Equity on exercise of Warrants
5th Mar 20143:40 pmRNSHolding(s) in Company
3rd Mar 201412:45 pmRNSIssue of Equity on exercise of Warrants
25th Feb 20147:00 amRNSFinancial Results and Interim Management Report
24th Feb 20147:00 amRNSLowers cost on US$33 million senior debt
21st Feb 201412:53 pmRNSJoint Broker Appointed
4th Oct 20139:19 amRNSTr-1: Notification of Major Interest in Shares
16th Sep 20137:00 amRNSDelivery of 13th ATR 72 Aircraft
10th Sep 20131:40 pmRNSHolding(s) in Company
5th Apr 20137:29 amRNSAppointment of Consultancy
30th May 20122:43 pmRNSIssue of Equity
4th Jul 20119:27 amRNSNotification of Major Interest in Shares
1st Apr 201111:48 amRNSNotification of Major Interest in Shares
30th Mar 20112:01 pmRNSDirector's Dealing
30th Mar 20112:00 pmRNSNotification of Major Interest in Shares
30th Mar 20111:58 pmRNSNotification of Major Interest in Shares
30th Mar 20118:00 amRNSAdmission of New Ordinary Shares

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