Intrepid Aviation launches private offering of US$125m senior unsecured notes

Intrepid Aviation plans to issue senior notes due 2017 in an aggregate principal amount of US$125m in a private offering. The Notes will be co-issued by Intrepid’s wholly-owned subsidiary, Intrepid Finance Co. Intrepid intends to use the net proceeds of the offering for general corporate purposes, including the purchase of aircraft, both for current forward orders and for future growth. The Notes will be senior unsecured obligations of Intrepid and Intrepid Finance Co.