Intrepid Aviation Group $120 Million Notes Offering
Davis Polk advised the sole representative of the initial purchasers on a Rule 144A/Regulation S debt offering by Intrepid Aviation Group Holdings, LLC and Intrepid Finance Co of $120 million aggregate principal amount of its 8.250% notes due 2017.
Based in Stamford, Connecticut, Intrepid Aviation is a global leasing company that acquires and leases passenger aircraft to a diverse group of airlines throughout the world. Intrepid Aviation focuses primarily on twin-engine widebody commercial passenger aircraft, such as the Boeing 777, Boeing 787 and Airbus A330 aircraft.
The Davis Polk capital markets team included partner Michael Kaplan, counsel Marcel Fausten and associates Elliot M. de Carvalho and Nancy Lee. Partner Rachel D. Kleinberg and associate Joseph Pahl provided tax advice. Counsel Loyti Cheng and associate Amy E. Turner provided environmental advice. Counsel Jeanine P. McGuinness and associate Britt Mosman provided regulatory advice. Members of the Davis Polk team are based in the New York and São Paulo offices.