Hawaiian Airlines tender results announced for pass-through offer

Chicago, Nov. 2 – Hawaiian Airlines, Inc., a wholly owned subsidiary of Hawaiian Holdings, Inc., announced the results and the end of its tender offer for any and all of the 7 3/8% series 2020-1A pass-through certificates due 2027 (Cusips: 41983PAA7, U2468PAA0) and the 11¼% series 2020-1B pass-through certificates due 2025 (Cusips: 41983PAB5, U2468PAB8).

The offer expired at 11:59 p.m. ET on Nov. 1, extended from 11:59 p.m. ET on Oct. 21.

At the expiration time, certificate holders tendered $143,827,947 of the 7 3/8% pass-through certificates, or 74.85% of the $192,072,772 amount outstanding at the start of the offer.

For the 11¼% pass-through certificates, holders tendered $17,059,258, or 46.66%, of the $35,563,679 outstanding at the beginning of the offer.

Hawaiian was offering $1,200 for each $1,000 pool balance of certificates validly tendered and accepted for purchase. Accrued interest will also be paid to the settlement date.

Settlement is expected for Nov. 4.

There was a consent solicitation on the offer that was previously removed.

Citigroup Global Markets Inc. (800 558-3745, 212 723-6106) is the dealer manager and the solicitation agent in the tender offers and consent solicitations.

Global Bondholder Services Corp. (212 430-3774, 866 807-2200, contact@gbsc-usa.com) is the tender and information agent.

Hawaiian is a Honolulu-based commercial airline.

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