Avia to price $400 million five-year senior notes on Tuesday; initial talk 9% to low 9% area

By Abigail W. Adams

Portland, Me., April 30 – Avia Solutions Group plans to price a $400 million offering of ASG Finance DAC five-year senior notes (BB-/BB) on Tuesday with early guidance for a yield of 9% to the low 9% area, according to a market source.

The notes are non-callable for two years.

Citigroup and Morgan Stanley are bookrunners for the Rule 144A and Regulation S offering.

The bonds will be listed for trade on EuroNext Dublin.

Proceeds will be used to refinance debt and for general corporate purposes.

Avia Solutions Group is a Dublin-based provider for passenger and cargo airlines.

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