Commentary & Deal Flow

+++Updates with earlier launch level+++

ASG Finance Designated Activity Company (Avia Solutions Group) (AVISASG) US$300m (down from US$400m) 144A/Reg S sr notes due 05/07/29 (5y). NC2 (MWC). NR/BB-/BB (--/stable/stable). Unconditionally and irrevocably guaranteed by the Parent Guarantor and certain of its subsidiaries Via Citi (B&D)/MS jt books. No reg rights. List Dublin. English law. Semi-pay. Settles 05/07. ISIN: XS2815876920. IPT: 9% to low 9s. Launched: US$300m at 9.25%. Did fixed income investor calls 04/25-26. UOP: GCP and to refinance existing debt. Biz: a wholly-owned subsidiary of Avia Solutions Group (ASG) Plc (the Parent Guarantor), one of the world’s largest providers of flexible outsourced passenger and cargo capacity solutions with operations in more than 46 countries across five continents, HQ: Dublin, Ireland.

++++Postponed: The issuer announced that it has decided not to proceed with the deal at this time.