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.
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Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada