Flexjet (LXJ, Cleveland Cuyahoga Country) has raised USD550 million via a five-year senior unsecured notes issuance of OneSky Flight LLC, a wholly owned subsidiary. As reported by Private Jet Card Comparisons, the company will use the proceeds to refinance existing aircraft and real estate debt, pay a dividend to shareholders, and put cash on the balance sheet to cover fees and expenses.
Flexjet CFO Mike Rossi told the outlet the offering closed on December 11, was funded on December 18, and was approximately “five…
Source: ch aviation
Read more: US's Flexjet raises 0mn via unsecured notes