Related Issuers
by Chris Reich
Jul 17, 2024 1:57 PM ET
OHI Group SA (OHIGRP) exp B2/B US$400m 144A/Reg S 5y sr secured notes due 7/22/29. Guarantors: Omni Helicopters International SA, OTA HoldCo SGPS SA, Omni Taxi Aereo S/A, Revo SA and OTA Hold Brasil Participacoes Ltda. MS (GC)/BTG Pactual joint books. Semi-annual amortizations of $25m starting at the end of year 3 (Jul-27, Jan-28, Jul-28, Jan-29), followed by $300m at maturity date. Optional redemption: Standard HY call feature, starting at par + 1/2 coupon at the end of year 2. UOP: (i) prepay the Existing Debt Facilities in full, (ii) prepay leases held under seventeen helicopters and (iii) fund cash on balance sheet for general corporate purposes, including $40 million earmarked for the purchase of encumbered aircraft ("Fleet Expansion Proceeds”). NetRoadshow Direct Link: https://www.netroadshow.com/nrs/home/#!/? show=3a05d3ce (Recommended), Or visit https://www.netroadshow.com | entry code: OHI2024 (not case-sensitive). Pricing 7/17. Settle 7/22 (T+3).
IPTs: 13% area.
LAUNCHED: $400m 5y at 13%.
PRICED: $400m 13.00% 7/22/29 100.00 13.00% MW+50.