Avation plc (GB:AVAP) has released an update.
Avation PLC, a Singapore-based aircraft leasing company, has announced its decision to pay the upcoming interest coupon in cash for its Senior PIK Toggle Notes due in 2026. Additionally, the company has repurchased $10 million of these notes at 85.75% of their face value, reducing the total bonds in circulation. This financial move comes as the firm continues to manage a fully leased and utilized fleet of aircraft, serving 16 airlines in 14 countries.
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