Hawaiian Airlines (HA, Honolulu) has launched an offer to exchange any and all of their outstanding 5.750% Senior Secured Notes due to mature in 2026 for new 11.000% Senior Secured Notes due to mature in 2029 and cash. If fully subscribed by the early exchange deadline, the deal will see the airline exchange notes worth USD1.2 billion for notes worth USD990 million plus payout USD220 million in cash.

Under the terms of the exchange, noteholders that validly tender their existing notes before the early…

Source: ch aviation
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