Intrepid Aviation Group has completed its previously announced offering of senior notes due 2021, which were co-issued by Intrepid’s wholly owned subsidiary, Intrepid Finance Co. The notes were issued in an aggregate principal amount of $500 million, will bear interest at a rate of 8.500% per year and were priced at par.
Intrepid used the net proceeds, together with cash on hand, to complete the previously announced redemption of all $515 million aggregate principal amount outstanding of the Issuers’ 6.875% senior notes due 2019.
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