We advised Signature Aviation on liability management transactions relating to its take-private transaction

Davis Polk advised Signature Aviation in connection with certain liability management transactions related to its 5.375% senior notes due 2026 and 4.000% senior notes due 2028 in connection with the acquisition of Signature Aviation plc by a consortium comprised of Blackstone Infrastructure and Blackstone Core Equity, Global Infrastructure Partners and Cascade via a court-sanctioned Scheme of Arrangement. The transactions comprised a cash tender offer and consent solicitation, a standalone consent solicitation, a change of control repurchase offer and a redemption.

Signature is a leading global fixed-base operator (“FBO”) network for business and general aviation travelers and provides premium, full-service flight support, including fuel and non-fuel services, ground handling and technical support for passengers, crew and aircraft. Signature serves customers at more than 360 FBO locations covering key markets in North America, Europe, South America, the Caribbean, Africa and Asia.

The Davis Polk corporate team included partner Reuven B. Young and associates Maxim Van de moortel and Despoina Arslanidi. Counsel Alon Gurfinkel and associate Omer Harel provided U.S. tax law advice. All members of the Davis Polk team are based in the London office.

Copy link to share post