Intrepid Aviation redeems all $515 million 6 7/8% notes due 2019

By Wendy Van Sickle

Columbus, Ohio, Aug. 10 – Intrepid Aviation Group Holdings, LLC completed the redemption of its $515 million of 6 7/8% senior notes due 2019 on Friday, according to a press release.

The notes were redeemed at par plus accrued interest to but excluding the redemption date.

The redemption was funded from proceeds of $500 million new 8½% senior notes due 2021, as well as cash on hand.

Subsidiary Intrepid Finance Co. is a joint issuer for both the new and the redeemed notes.

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

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