Phoenix Aviation Closes $550M Senior Notes Offering

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Phoenix Aviation Capital, based in Ireland, has successfully closed its offering of $550 million in senior unsecured notes due 2030, carrying a fixed interest rate of 9.25%. The proceeds from this debt issuance will be used to repay existing indebtedness and support general corporate purposes, strengthening the company’s capital structure and liquidity position.

Azorra Finance Set For BB- Rating On $500M Notes

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Azorra Finance is projected to receive a ‘BB-(EXP)’ credit rating from Fitch Ratings for its planned issuance of $500 million in senior unsecured notes. The final terms, including fixed interest rate and maturity date, are expected to be set at the time of the note issuance. The ‘EXP’ suffix signifies that the rating is currently expected and contingent upon the completion…