
据克莱尔·鲁金报道,阿波罗全球管理公司计划为收购廉价航空易捷航空所需的35亿英镑资金筹措方案选择飞机融资方式,而非发行高收益债券。
Global Management is set to opt for aircraft financing rather than high yield bonds for a £3.5 billion debt package backing its acquisition of low-cost carrier EasyJet Plc.
此前,巴克莱银行、法国农业信贷银行、花旗银行、渣打银行及劳埃德银行已为此次收购提供了过桥贷款。随后又有多家银行加入,共同提供了总额为35亿英镑(约合46亿美元)的高级担保票据过桥贷款,以及13亿英镑的循环信贷额度。
Barclays, Credit Agricole, Citibank, Standard Chartered Bank and Lloyds initially provided an underwritten bridge financing to back the buyout. A number of other banks subsequently participated in the interim bridge financing, which comprises a £3.5 billion ($4.6 billion) senior secured note bridge facility and a £1.3 billion revolving credit facility.
据不愿透露姓名的知情人士透露,这些银行目前正着手安排长期债务融资。该交易预计将于今年末或2027年初正式启动。
Those banks are now looking to put longer term debt in place, according to people familiar with the matter who asked not to be identified because the talks are private. The sale is expected to launch toward the end of this year or early 2027, the people added.
上述人士称,阿波罗计划通过以飞机作为抵押品的贷款及其他债务融资市场来筹集绝大部分甚至全部所需资金;不过该公司也可能考虑将两种融资方式相结合。
Apollo will look to raise the majority, if not all, of the debt via asset-backed financing in the market for loans and other debt secured against aircraft, the people said, though it could also look to mix the two sources of funding, the people said.
最初,这家另类资产管理公司计划发行9亿英镑的欧元浮动利率债券,以及26亿英镑以英镑、欧元和美元计价的高级担保债券。但近期由于政府债券收益率持续攀升推高了企业融资成本,高收益债券市场表现疲软。在这种情况下,其他融资方式反而显得成本更低且更具吸引力。
Initially, the alternative asset manager had looked to raise £900 million of euro floating rate notes and £2.6 billion of sterling, euro and dollar denominated senior secured notes. But the high yield market has weakened of late as surging government bond yields drive up corporate borrowing costs. That has made alternative forms of financing cheaper and more attractive, the people said.
阿波罗与法国农业信贷银行均拒绝置评。易捷航空及其他相关银行则尚未对置评请求作出回应。
Spokespeople for Apollo and Credit Agricole declined to comment. Representatives of EasyJet and the rest of the banks didn’t immediately respond to requests for comment.
今年8月,经过数月的竞购角逐,阿波罗最终成功达成收购易捷航空的协议。
Apollo agreed to buy EasyJet in August, following months of wooing the carrier in a bidding war.
这家美国资产管理公司将获得一家航空公司的控制权。该公司在欧洲率先推行超低成本航空服务,并拥有多项优质资产,包括一批空客A320系列飞机、伦敦、米兰和日内瓦等热门机场的起降时刻权,以及一家度假套餐业务公司。
The US asset manager will be gaining control of an airline that helped pioneer ultra low-cost travel in Europe and owns many attractive assets, including a fleet of Airbus SE A320-type jets; landing slots at constrained airports in London, Milan and Geneva and a vacation packages business.