(Bloomberg)
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An Abu Dhabi sovereign wealth fund may join a group investing in Saudi Aramco’s oil pipelines, in a deal set to be backed by a loan of around $10.5 billion.
Mubadala Investment Co., a fund with $232 billion of assets, is in talks with U.S. investor EIG Global Energy Partners LLC, the lead member of the consortium, according to a Mubadala spokesperson.
Aramco has helped put together the loan, which the group will use to fund the transaction, according to other people familiar with the matter. BNP Paribas SA, Citigroup Inc., HSBC Holdings Plc and Mizuho Financial Group Inc are among the lenders, said the people. All four banks declined to comment.
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Signature Aviation announces an offer to purchase and consent solicitation and a standalone consent solicitation in relation to its 4.000% Senior Notes due 2028 London, 9 April 2021 Signature Aviation US Holdings, Inc. (the Company ), a wholly-owned subsidiary of Signature Aviation plc ( Signature ), announced on 8 April 2021 after markets closed in New York that it had launched (i) a tender offer to purchase for cash any and all of its outstanding 4.000% Senior Notes due 2028 (the Notes ) and related consent solicitation to make certain amendments to the indenture related to the Notes (the Tender Offer ) and (ii) an a standalone consent solicitation to make the same amendments to the Indenture (the Consent Solicitation ).
Rebounding private flights fuel M&A interest in corporate jet services providers By Allison Lampert and Maiya Keidan
FILE PHOTO: Business jets are seen at the NBAA exhibition in Las Vegas
(Reuters) – As U.S. business aviation traffic rebounds to pre-pandemic levels, a niche, fragmented industry providing services ranging from hangars to fueling is drawing interest from private equity funds and infrastructure investors.
Fixed base operators, or FBOs, play a key role in keeping private jets flying, offering services like hangars and fueling, and some buyers are betting the revival in flights could spill over into allied industries.
While business jet orders and deliveries dropped in 2020, private flights, which carry smaller groups and promise wealthy passengers less risk of exposure to the coronavirus, have generally fared better than commercial. That is underpinning investor interest in FBOs.
Rebounding private flights fuel M&A interest in corporate jet services providers reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.