New Issue: England's Bond Aviation prices £200 million Libor plus 575 bps notes at 99.75

By Paul A. Harris

Portland, Ore., May 2 - Bond Mission Critical Services plc priced a £200 million issue of six-year Libor plus 575 basis points senior secured floating-rate notes (B2/B/) at 99.75 on Wednesday, according to a market source.

Joint bookrunner JPMorgan will bill and deliver. KKR and RBS were also joint bookrunners.

The Staverton, England-based helicopter services provider plans to use the proceeds to repay debt.

Issuer:	Bond Mission Critical Services plc
Face amount:	£200 million
Proceeds:	£199.5 million
Maturity:	May 1, 2019
Securities:	Senior secured floating-rate notes
Bookrunners:	JPMorgan (bill and deliver), KKR, Royal Bank of Scotland
Co-manager:	Commerz
Coupon:	Libor plus 575 bps
Price:	99.75
Call features:	Make-whole call at Gilts plus 50 bps until May 1, 2014, then callable at 101, par on and after May 1, 2015
Trade date:	May 1
Settlement date:	May 9
Ratings:	Moody's: B2
	Standard & Poor's: B
Distribution:	Rule 144A and Regulation S for life
Marketing:	Roadshow

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