Goshawk debuts with its first unsecured issuance; Grabowski to leave DVB

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By TESTCustomwebLP TESTCustomwebLP August 6, 2016 08:16

Goshawk debuts with its first unsecured issuance; Grabowski to leave DVB

Goshawk Aviation has completed its first issuance of unsecured notes to institutional investors in the US market. The deal was launched as a US$200 million senior notes issuance. Market demand was close to US$300 million and the final issuance was US$231 million, split between five year and seven year tenors. The pricing of the transaction was completed at the end of June, immediately post the UK Brexit referendum. Proceeds from the Notes will be used for aircraft acquisitions and general corporate purposes.
The joint lead agents were Citibank, Natixis and HSBC Bank. Crédit Agricole CIB was a co-lead agent. O’Melveny & Myers acted as Goshawk’s legal counsel while Greenberg Traurig Maher acted as the investors’ legal counsel.
Anand Ramachandran, CFO of Goshawk, says: “We are pleased to have followed the recent closing of our $345 million unsecured bank RCF with a successful debut unsecured capital markets issuance. This provides Goshawk with another diversified source of capital and this support from US institutional investors is a strong endorsement of the progress the company has made in less than three years.”
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By TESTCustomwebLP TESTCustomwebLP August 6, 2016 08:16