Author: Alise Bethere
Source: airBaltic.com
The Latvian national airline airBaltic has priced an additional EUR 40 million of its 14.50% senior secured notes, due 2029, originally issued in May 2024, bringing the total issue size to EUR 380 million. The issuance aligns with airBaltic’s strategic financial plan, enabling it to strengthen its financial position and provide financial flexibility as the company advances its growth ambitions and moves towards its potential initial public offering (IPO).
airBaltic regularly evaluates strategies to mitigate macroeconomic and sector-specific challenges, and in the current climate, enhancing access to liquidity sources is a prudent approach. Proceeds from this issuance will reinforce airBaltic’s liquidity position, further enabling it to pursue its strategic initiatives.
Reklāma
The settlement of the bonds is expected to take place on October 24, 2024, and the bonds will be listed on the Euronext Dublin stock exchange.
airBaltic operates more than 130 routes from Riga, Tallinn, Vilnius, Tampere and, seasonally, Gran Canaria, offering connections to a wide range of destinations in the airline's route network in Europe, the Middle East, North Africa, and the Caucasus region. A complete schedule of airBaltic flights and tickets are available on the company's homepage at www.airbaltic.com
DISCLAIMER:
These materials are not an offer of securities for sale in the United States. The securities to which these materials relate have not been registered under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from registration or in a transaction not subject to the registration requirements under the Securities Act. There will be no public offering of the securities in the United States.
In member states of the EEA and in the UK, the securities are not intended to be offered, sold or otherwise made available to may not be offered, sold or otherwise made available to, any retail investor. In the UK this communication is being distributed to, and is directed only at, persons in the UK in circumstances where section 21(1) of FSMA does not apply.
This document is not an offer of securities for sale in the Republic of Latvia and is not an advertisement of any securities for the purposes of the Prospectus Regulation (EU) 2017/1129 and any other laws and regulations applicable in the Republic of Latvia governing the offer of securities in the Republic of Latvia.
To publish this article please contact BalticTravelnews.eu editorial board
MOST POPULAR of WEEK
