TGS Baltic advised Avia Solutions Group in structuring and issue of bonds for the nominal value of USD 300 million

04.12.2019 TGS Baltic advised Avia Solutions Group in structuring and issue of bonds for the nominal value of USD 300 million

TGS Baltic advised Avia Solutions Group in structuring and issue of 5-year bond issue for the nominal value of USD 300 million. The bonds will soon be admitted to trading on the Irish stock exchange. The bonds will yield 7.875 percent annual interest.

The lead managers of the issue were the banking groups BNP Paribas and J.P. Morgan Securities plc. In addition to TGS Baltic, in the transaction the company was also represented by international law firm Dentons UK and Middle East LLP.

TGS Baltic – Partner Vidmantas Drizga, Associate Partner Mantas Gofmanas and Junior Associate Goda Drąsutė, were advisors to the company in the process on Lithuanian law issues, who helped to prepare the bond issue documents, as well as other project related documentation.

Avia Solutions Group is an international aviation holding company, with over 70 subsidiaries in the world. The company has offices Cyprus, the USA, the United Kingdom, Poland, Serbia, Latvia, Estonia, Russia, China, Thailand, Indonesia. With over 1,600 clients in the Americas, Europe, Asia, Africa and the Middle East, Avia Solutions Group is among market leaders in plane and helicopter maintenance, aviation pilot training, aviation IT solutions, private charter flights, tourism and other fields.