New Issue: Norwegian Air Shuttle sells $274.32 million 4.875% notes due 2028 at 313 bps spread

By Cristal Cody

Eureka Springs, Ark., May 6 – Norwegian Air Shuttle ASA sold $274,315,000 of 4.875% notes due May 10, 2028 (Baa3/A) at 313 basis points over Treasuries, according to a market source.

Morgan Stanley & Co. LLC was the bookrunner.

Fornebu, Norway-based Norwegian Air Shuttle provides scheduled and chartered airline services.

Issuer:	Norwegian Air Shuttle ASA
Amount:	$274,315,000
Maturity:	May 10, 2028
Securities:	Notes
Bookrunner:	Morgan Stanley & Co. LLC
Coupon:	4.875%
Spread:	Treasuries plus 313 bps
Pricing date:	May 5
Ratings:	Moody’s: Baa3
	S&P: A

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