TGS Baltic advised Avia Solutions Group on issuing USD 300 million bonds

05.12.2019 TGS Baltic advised Avia Solutions Group on issuing USD 300 million bonds

The bonds will be listed on the Irish Stock Exchange. The annual interest rate is 7.875%.

It was Avia Solutions Group's first international bond issue, with US bank JP Morgan and France's BNP Paribas picked as distributors. In terms of legal assistance, apart from TGS Baltic, Avia Solutions Group also counted with the support of Dentons UK and Middle East LLP.

TGS Baltic team consisted of Partner Vidmantas Drizga, Associate Partner Mantas Gofmanas and Junior Associate Goda Drąsutė, who acted as Lithuanian legal advisors during the whole process.

Avia Solutions Group is a leading international aviation company with over 70 subsidiaries worldwide. The Group has offices in Cyprus, USA, UK, Poland, Serbia, Latvia, Estonia, Russia, China, Thailand and Indonesia. With over 1,600 customers in America, Europe, Asia, Africa and the Middle East, Avia Solutions Group is one of the market leaders in providing aircraft and helicopter maintenance, aviation pilot training, aviation IT solutions, private charter flying, tourism and more.