airBaltic Prices Additional EUR 40 Million Bond Issuance

The Latvian national airline airBaltic has priced an additional EUR 40 million of its 14.50% senior secured notes, due 2029, originally issued in May 2024, bringing the total issue size to EUR 380 million. The issuance aligns with airBaltic’s strategic financial plan, enabling it to strengthen its financial position and provide financial flexibility as the company advances its growth ambitions and moves towards its potential initial public offering (IPO). 

airBaltic regularly evaluates strategies to mitigate macroeconomic and sector-specific challenges, and in the current climate, enhancing access to liquidity sources is a prudent approach. Proceeds from this issuance will reinforce airBaltic’s liquidity position, further enabling it to pursue its strategic initiatives.

The settlement of the bonds is expected to take place on October 24, 2024, and the bonds will be listed on the Euronext Dublin stock exchange. airBaltic operates more than 130 routes from Riga, Tallinn, Vilnius, Tampere and, seasonally, Gran Canaria, offering connections to a wide range of destinations in the airline's route network in Europe, the Middle East, North Africa, and the Caucasus region. A complete schedule of airBaltic flights and tickets are available on the company's homepage at www.airbaltic.com