DAE announces early redemption of US$500 million 5.75% Senior Notes

Dubai Aerospace Enterprise (DAE) had delivered a notice of early redemption (the Redemption Notice) to the holders of the Company’s US$500 million 5.75% Senior Notes due 2023.  The redemption date is scheduled for March 1, 2021. The outstanding principal amount as of the date of the Redemption Notice was approximately US$456.1 million.

The Notes will be redeemed in accordance with the terms and conditions of the applicable indenture at a redemption price equal to 102.875% of the principal amount of the Notes plus accrued and unpaid interest.

Wells Fargo Bank, N.A. is the trustee and paying agent for the Notes.