NATS, the UK-based air traffic management and solutions company, is issuing £750 million of new senior unsecured bonds to refinance its £600 million 5.25% guaranteed secured amortising bonds, which mature in 2026, as well as other secured facilities from commercial banks. The new fixed-rate senior unsecured bonds, which do not include any financial covenants, have been rated A2 by Moody’s. Part of the proceeds from the new bonds will be used to pre-pay the £252 million of principal that remains outstanding on the existing bonds at 31 March 2021. In addition to the notes, NATS has also entered into a

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In
   
Forgot password? Click here to reset
New User? Click here to register