By Paul A. Harris
Portland, Ore., Oct. 26 - Air Berlin plc & Co. Luftverkehr KG priced a €50 million add-on to its 11½% notes due Nov. 1, 2014 at 101 on Friday, according to a press release from the company.
"The orderbook was closed prematurely after the placement had been oversubscribed," the company stated in its Friday press release.
Quirin Bank AG was the lead manager.
The Berlin-based company, Germany's second largest air carrier, plans to use the proceeds for general corporate purposes.
| Issuer: | Air Berlin plc & Co. Luftverkehr KG
|
| Amount: | €50 million
|
| Proceeds: | €50.5 million
|
| Maturity: | Nov. 1, 2014
|
| Security description: | Add-on to 11½% notes due Nov. 1, 2014
|
| Bookrunner: | Quirin Bank
|
| Coupon: | 11½%
|
| Price: | 101
|
| Trade date: | Oct. 26
|
| Settlement date: | Nov. 1
|
| Original issue: | €100 million priced at par in October 2011
|
| Total issue size: | €150 million
|
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