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  • ASG - Buyback - Announcement - April 2023

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    Maciej Łyko
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    ASG Finance DAC announced that it has repurchased an additional $32.45 million in principal amount of its outstanding $300 million 7.875% guaranteed notes due 2024. This follows an earlier tender offer where $49.84 million was repurchased and cancelled, along with $37.38 million it already held. Of the newly repurchased amount, $22 million has been cancelled with the remaining $10.45 million to be cancelled soon. The total outstanding principal is now $190.78 million, which will be reduced to $180.33 million after full cancellation. ASG Finance DAC may undertake further repurchases of the notes depending on market conditions.

    Original Description:

    Avia SG buyout annoucement.

    Original Title

    ASG_Buyback_Announcement_April 2023

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    ASG Finance DAC announced that it has repurchased an additional $32.45 million in principal amount of its outstanding $300 million 7.875% guaranteed notes due 2024. This follows an earlier tender offer where $49.84 million was repurchased and cancelled, along with $37.38 million it already held. Of the newly repurchased amount, $22 million has been cancelled with the remaining $10.45 million to be cancelled soon. The total outstanding principal is now $190.78 million, which will be reduced to $180.33 million after full cancellation. ASG Finance DAC may undertake further repurchases of the notes depending on market conditions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    5 views1 page

    ASG - Buyback - Announcement - April 2023

    Uploaded by

    Maciej Łyko
    ASG Finance DAC announced that it has repurchased an additional $32.45 million in principal amount of its outstanding $300 million 7.875% guaranteed notes due 2024. This follows an earlier tender offer where $49.84 million was repurchased and cancelled, along with $37.38 million it already held. Of the newly repurchased amount, $22 million has been cancelled with the remaining $10.45 million to be cancelled soon. The total outstanding principal is now $190.78 million, which will be reduced to $180.33 million after full cancellation. ASG Finance DAC may undertake further repurchases of the notes depending on market conditions.

    Copyright:

    © All Rights Reserved
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    of 1

    24 April 2023

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO,


    OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL
    TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

    ASG Finance Designated Activity Company

    ("ASG Finance DAC" or the "Company")

    Notice of Repurchase of ASG Finance DAC's U.S.$ 300,000,00 7.875 per cent. Guaranteed
    Notes due 2024

    ASG Finance DAC is pleased to announce that is has completed further repurchases of its
    outstanding U.S.$ 300,000,000 7.875 per cent. Guaranteed Notes due December 2024 (ISIN:
    US00217AAA43 / XS2010038573) (the "Notes").

    Subsequent to the Company's successful tender offer launched on 5 July 2022, during which
    the Company (i) repurchased and cancelled U.S.$ 49,837,000 in aggregate principal amount
    of Notes, and (ii) cancelled a further U.S.$ 37,380,000 in aggregate principal amount of the
    Notes which it already held at the time of the tender offer, the Company has repurchased a
    further U.S.$ 32,450,000 in aggregate principal amount of Notes. The Company has, or
    intends in the near future to, cancel such Notes (U.S.$ 22,000,000 has been cancelled to date
    with a further U.S.$ 10,450,000 currently held by the Company pending cancellation).

    The remaining outstanding aggregate principal amount of the Notes as at today's date is U.S.$
    190,783,000 (including U.S.$ 10,450,000 held by the Company pending cancellation).

    Following such cancellation, there will be U.S.$ 180,333,000 in aggregate principal amount of
    Notes outstanding.

    The Company continues to monitor the market and may undertake further open market
    repurchases of its Notes or other liability management exercises, dependent on market
    conditions and other factors.

    For further information, please contact: Treasury@aviasg.com.

    Page 1

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