VistaJet talks upsized $150 million tap of 10½% notes due 2024 at 101.5-101.75; pricing Friday

By Paul A. Harris

Portland, Ore., Jan. 29 – VistaJet Malta Finance plc and XO Management Holdings Inc. upsized an add-on to their 10½% notes due June 1, 2024 to $150 million from $100 million and talked it to price at 101.5 to 101.75, according to an informed source.

Books close at 10:30 a.m. ET on Friday, and the Rule 144A and Regulation S deal is set to price thereafter.

Credit Suisse is the left lead.

The notes become callable on June 1, 2022 at 102.5.

The Baar, Switzerland-based airline plans to use the proceeds to repay certain outstanding secured aircraft financing debt. The additional proceeds resulting from the $50 million upsize of the deal will be used to repay additional aircraft financing.

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