Chicago, Dec. 3 – Transportes Aereos Portugueses, SA sold €375 million 5 5/8% notes (B2/BB-) due 2024, according to a company release.
The Rule 144A and Regulation S notes priced at 99.463.
Proceeds will be used to prepay certain borrowings under the company’s existing debt and extend its average maturity and for general corporate purposes.
The company is a Lisbon-based airline.
| Issuer: | Transportes Aereos Portugueses, SA
|
| Issue: | Notes
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| Amount: | €375 million
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| Maturity: | 2024
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| Coupon: | 5 5/8%
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| Price: | 99.463
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| Pricing date: | Nov. 22
|
| Settlement date: | Dec. 2
|
| Ratings: | Moody’s: B2
|
| S&P: BB-
|
| Distribution: | Rule 144A and Regulation S
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