By Wendy Van Sickle
Columbus, Ohio, Feb. 16 – Icelandair Group hf. issued a $40 million add-on to its five-year senior bonds with a coupon of Libor plus 350 basis points with no Libor floor, according to a company announcement.
The company originally priced $150 million of the bonds on Oct. 18. The total amount of the bonds outstanding is now $190 million.
Pareto Securities AB is the bookrunner.
Proceeds will be used for general corporate purposes.
Icelandair is a Reykjavik, Iceland-based holding company active in the airline and tourism industries.
| Issuer: | Icelandair Group hf.
|
| Issue: | Senior bonds
|
| Amount: | $40 million (brings total amount of outstanding notes to $190 million)
|
| Maturity: | Five years
|
| Bookrunner: | Pareto Securities AB
|
| Coupon: | Libor plus 350 bps with no Libor floor
|
| Announcement date: | Feb. 16
|
| Original issue: | $150 million priced on Oct. 18
|
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