Intrepid Aviation has reported the pricing of a private offering

Intrepid Aviation Group Holdings (Intrepid) has announced that it has priced an offering (the Offering) of US$120m in aggregate principal amount of senior notes (the Notes) due 2017. The Notes will be co-issued by Intrepid’s wholly-owned subsidiary, Intrepid Finance Co and will bear interest at a rate of 8.250% per year and were priced at par. Intrepid intends to use the net proceeds of the Offering for general corporate purposes, including the purchase of aircraft, both for current forward orders and for future growth. The Notes will be senior unsecured obligations of Intrepid and Intrepid Finance Co. The Offering is subject to customary conditions, and there can be no assurances that the Offering will be consummated.