Press Release

Lisbon, 22nd July 2024– Omni Helicopters International Group (“OHI” or the “Company”), the largest and fastest-growing provider of vertical air mobility services in Latin America, is pleased to announce the successful issuance of USD 400 million Senior Secured Amortizing Notes due in 2029.  Proceeds from the issuance are being used to refinance existing indebtedness and substantially extend residual maturities, repay certain financial leases, and support the expansion of the aircraft fleet.

This issuance reflects the confidence placed by international investors in the Company’s strong market positioning, growth prospects and momentum across its targeted segments, which are supported by its €1.6 billion contracted backlog and industry-leading operating performance.  OHI’s industry leading service availability and safety record were also notable features appreciated by investors.

“We welcome the response from the capital markets,” said Ivan Coyard, Chief Financial Officer of OHI.  “This issuance highlights the attractiveness of our investment case and the strength of our strategy, entrenched in high network density in markets characterized by long-range growth.  These proceeds provide us with greater financial flexibility to pursue our corporate objectives and deliver sustained value to our stakeholders”.  “We take this opportunity to extend our gratitude to our investors, trading partners and collaborators for their continued confidence and support”, Coyard concludes.

The Notes are rated B2 (Stable) by Moody’s and B (Positive) by S&P and are listed on the Official List of the Singapore Exchange Securities Trading Limited (“SGX-ST”).

Morgan Stanley acted as Sole Global Coordinator and BTG Pactual as Joint Bookrunner.