Announcing the Pricing of a Private Offering of $120 Million of Senior Unsecured Notes

Stamford, CT. Intrepid Aviation Group Holdings, LLC (“Intrepid”) today announced that it has priced an offering (the “Offering”) of $120 million in aggregate principal amount of senior notes due 2017 (the “Notes”).

The Notes will be co-issued by Intrepid’s wholly-owned subsidiary, Intrepid Finance Co.



The Notes will bear interest at a rate of 8.250% per year and were priced at par. 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. The Offering is subject to customary conditions, and there can be no assurances that the Offering will be consummated.



The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. As a result, they may not be offered or sold in the United States or to any U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States under Regulation S under the Securities Act.



This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Download PDF