VistaJet Group Holding, which operates VistaJet (Malta) and XOJET Aviation, has raised USD1.3 billion, including USD600 million from Singapore-based private equity firm RRJ Capital and USD700 million from a senior secured loan that becomes payable in 2031. The bulk of the funds will go towards repaying existing secured debt.

The company had intended to raise USD500 million via the senior secured loan but upsized it due to what it said was strong demand. VistaJet Global will pay 3.75% annual interest on the borrowings. The…

Source: ch aviation
Read more: VistaJet Global secures .3bn in funding