VistaJet closes $300 million bond
VistaJet has successfully priced a $300 million five year bond. The senior unsecured notes pay a 7.75% coupon and do not amortize.
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The cash will be used to finance Bombardier aircraft. Jefferies and JP Morgan led the deal.
The bond was issued by VistaJet Malta Finance and VistaJet Finance – both subsidiaries of the operator. It is also guaranteed by VistaJet.
“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,” said Thomas Flohr, founder and chairman of VistaJet.