Intrepid Aviation has priced an offering of $120 million in aggregate principal amount of senior notes due 2017. The notes will be co-issued by Intrepid’s wholly-owned subsidiary, Intrepid Finance Co and will bear interest at a rate of 8.250% per year and were priced at par. Intrepid intends to use the net proceeds for general corporate purposes, including the purchase of aircraft, both for current forward orders and for future growth.
Intrepid Aviation prices notes offering
Intrepid Aviation has priced an offering of $120 million in aggregate principal amount of senior notes due 2017. The notes will be co-issued by Intrepid’s wholly-owned subsidiary, Intrepid Finance Co and will bear interest at a rate of 8.250% per year and were priced at par. Intrepid intends to use the net proceeds for general corporate purposes, including the purchase of aircraft, both for current forward orders and for future growth.