Intrepid Aviation Management to start roadshow Thursday for $250 million five-year senior notes

By Paul A. Harris

Portland, Ore., Jan. 22 - Intrepid Aviation Management, LLC plans to begin a roadshow on Thursday for a $250 million offering of five-year senior notes, according to market sources.

The roadshow wraps up Friday, and the deal is expected to price on Friday or Monday.

BofA Merrill Lynch and Jefferies LLC are the joint bookrunners. Goldman Sachs & Co. and DVB Bank are the co-managers.

The Rule 144A and Regulation S for life notes become callable in two years at par plus 50% of the coupon.

The issuing entities are Intrepid Aviation Group Holdings LLC and Intrepid Aviation Group Finance Co.

The Stamford Conn.-based commercial aircraft leasing company plans to use the proceeds for general corporate purposes, including the purchase of aircraft.

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