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As Air Lease Holding (IRSH)

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Wednesday 06 December, 2017

As Air Lease Holding

Sale of Assets

RNS Number : 5557Y
AS AIR LEASE HOLDING I DAC
06 December 2017
 

COMPANY ANNOUNCEMENT



For Immediate Release

6 December 2017



AS Air Lease Holding I DAC (the "Issuer")

USD 150,000,000 Note (ISIN: IE00BD9Q8W71) (the "Note")


RE: Sale of Assets

 

 

 

The Directors of the Issuer would like to announce that on 22 November 2017, AS Air Lease XXXV (Ireland) Limited, ("ASAL XXXV"), a wholly owned subsidiary of the Issuer, sold one (1) Airbus A321-200 aircraft with manufacturer's serial number 1487 and two IAE International Aero Engines AG V2533-A5 engines with engine serial numbers V10953 and V10950, (the "Aircraft") to AS Air Lease 65 (Ireland) Limited ("ASAL 65").  Legal title to the Aircraft was held by Wilmington Trust SP Services (Dublin) Limited (as owner trustee) on trust for ASAL XXXV.

 

The proceeds from the sale of the Aircraft will be used by ASAL XXXV to redeem a portion of the profit participating note issued by ASAL XXXV and subscribed for by the Issuer.  

 

The Issuer will use the same proceeds to:

 

(i)  repay a portion of the senior debt relating to the Aircraft pursuant to a loan agreement [Qatar Aircraft] dated as of 13 June 2016 between, inter alios, the Issuer, ASAL XXXV, Deutsche Bank AG, New York Branch and Qatar National Bank SAQ, as lenders, DVB Bank SE, as facility agent and lender and Wells Fargo Bank Northwest National Association, as security trustee; and

 

(ii) redeem a portion of the Note in the amount of USD 10,641,755 (Ten Million Six Hundred and Forty One Thousand Seven Hundred and Fifty Five United States Dollars).

 

The Directors have advised that the rights of the noteholders have not changed.

 

 

Enquiries:




Matheson

Contact: Yvonne Lappin

Phone:   +353 1 232 2000

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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