Milestone announces proposed private offering of $350M Notes

Milestone announces proposed private offering of $350M Notes

31-Jul-2014 Source: Milestone Aviation

The Milestone Aviation Group Limited (“Milestone”) today announced that it intends to offer (the “Offering”) $350 million in aggregate principal amount of its Senior Notes due 2017 (the “Notes”). Milestone intends to use the net proceeds of the Offering to pay down a portion of its secured debt. The remainder, if any, of the net proceeds of the issuance will be used for general corporate purposes

The Notes will be senior unsecured obligations of Milestone. The Offering is subject to customary conditions, and there can be no assurances that the Offering will be consummated.

The Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. As a result, they may not be offered or sold in the United States or to any U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons outside the United States under Regulation S under the Securities Act.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities. The Offering will be made only by means of the confidential offering memorandum.

Milestone Aviation Group is the world’s largest helicopter leasing company. Since launching in August 2010, and as of March 31, 2014, Milestone has acquired a fleet of 135 helicopters worth US $2.0 billion and supports 25 operators in 23 countries on six continents. The company has a forward order book of 145 firm and option aircraft with an estimated aggregate purchase price of US $3.4 billion. These near-term delivery positions of in-demand helicopters are made available for lease globally. Milestone partners with helicopter operators worldwide and supports them through lease financing. The company provides financing for helicopters, serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining and other utility missions. Further information is available at

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