Etihad Airways and its partners, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles and Alitalia have successfully raised a further USD500 million in a second platform financing transaction, following the success of last year´s bond which raised USD700 million, the company said.
A roadshow was announced on Monday, May 16, 2016 to a positive response from the international financial community, followed by the official launch of the transaction a week later on Monday, May 23, 2016.
The funds raised by the transaction will be again used largely for capital expenditure and investment in fleet, as well as for refinancing, depending on each individual airline´s needs.
During a series of roadshow meetings in Abu Dhabi and Dubai and global investor calls with the London, Asian and European markets, the shared vision and strategies of the airlines were laid out to financial institutions. These highlighted the growing network coordination and revenue development initiatives, coupled with joint procurement and business synergy projects, across the airlines.
The funds have been raised through a special purpose vehicle, EA Partners II B.V. ADS Securities, Anoa Capital, Goldman Sachs International and Integrated Capital are acting as Placement Agents and Joint Bookrunners.
Etihad Airways began operations in 2003, and in 2015 carried 17.6 million passengers. From its Abu Dhabi base, Etihad Airways flies to, or has announced plans to serve, 117 passenger and cargo destinations in the Middle East, Africa, Europe, Asia, Australia and the Americas. The airline has a fleet of 122 Airbus and Boeing aircraft, with 204 aircraft on firm order, including 71 Boeing 787s, 25 Boeing 777Xs, 62 Airbus A350s and 10 Airbus A380s.