Inaer Aviation starts roadshow for €470 million seven-year notes

By Paul A. Harris

St. Louis, July 12 - Spain's Inaer Aviation began a brief roadshow on Monday for its €470 million offering of seven-year senior secured notes (B2/B), according to market sources.

The roadshow wraps up on Thursday.

JPMorgan, Barclays Capital, BNP Paribas, KKR Capital Markets and Banco Santander are the underwriters.

The notes come with three years of call protection.

Proceeds will be used to refinance debt, to fund Kohlberg Kravis Roberts & Co.'s 49.9% stake in Inaer and for general corporate purposes.

The helicopter services company is based in Madrid.

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