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Avation PLC Reduces Debt with Note Repurchase

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Avation PLC Reduces Debt with Note Repurchase

Confident Investing Starts Here:

An announcement from Avation ( (GB:AVAP) ) is now available.

Avation PLC has repurchased US$2,000,000 of its Senior PIK Toggle Notes due 2026 at 98.5% of face value, reducing the outstanding notes to US$329,555,981. This strategic move is part of Avation’s efforts to manage its debt portfolio, potentially strengthening its financial position and enhancing its market competitiveness.

More about Avation

Avation PLC is a Singapore-based aircraft leasing company that owns and manages a fleet of commercial passenger aircraft, leasing them to airlines worldwide.

YTD Price Performance: -4.28%

Average Trading Volume: 398,982

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £97.15M

Learn more about AVAP stock on TipRanks’ Stock Analysis page.

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