Hawaiian Holdings (HA) just unveiled an announcement.
Hawaiian Holdings, Inc. has initiated an exchange offer, inviting holders of their 5.750% Senior Secured Notes due 2026 to swap these for new 11.0% Senior Secured Notes due 2029 plus cash. This financial maneuver, aimed at qualified institutional and non-US investors, also involves a consent solicitation to amend terms for the existing notes. The company has also disclosed new financing agreements, including a $130 million deal backed by a Boeing aircraft and a $402.5 million arrangement secured by Airbus A321neo aircraft, underscoring its strategic financial management amid a dynamic market landscape.
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