Ogier acts as Jersey counsel to buy-side parties on AIR Limited’s US$425m bond and US$75m RCF

Ogier’s Banking and Finance specialists acted as Jersey counsel to the initial purchasers and lenders on AIR Limited’s US$425 million offering of senior unsecured notes due 2031 and its US$75 million revolving credit facility.

AIR Limited is a wholly owned financing subsidiary of Dubai-headquartered AIR Global PLC (AIR Global). AIR Global is a consumer brands and innovation company with a presence in more than 90 markets worldwide.

The notes were issued by AIR Limited, and are guaranteed on a senior basis by AIR Global and certain subsidiaries.

The Ogier team was led by partner Michael Evans with support from associate Paul Hadden. On both transactions, Ogier worked alongside instructing counsel Ropes & Gray.

Michael said: "We are pleased to have once again worked with the Ropes & Gray team on these two significant transactions.

“The successful completion of the notes offering and the revolving credit facility underscores Jersey's position as a jurisdiction of choice for companies seeking access to funding through both loan and capital markets.

“It also highlights Ogier's ability to deliver seamless, market-leading advice across a broad range of financing and capital markets transactions."

Ogier’s Banking and Finance team advises lenders, private equity sponsors, borrowers and issuers on a wide range of domestic and cross-order leveraged finance transactions.

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