Intrepid Aviation to redeem 6 7/8% notes with proceeds from new deal

New York, July 23 – Intrepid Aviation Group Holdings, LLC plans to redeem its $515 million of 6 7/8% senior notes due 2019 using proceeds from a $515 million offering of new senior notes due 2021, according to a news release.

The existing securities will be repaid at par plus accrued interest on Aug. 10.

Both the new notes and the existing notes have subsidiary Intrepid Finance Co. as a joint issuer.

Intrepid Aviation is a Stamford, Conn., commercial aircraft lessor.

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