Cahill Represents SunTrust and Other Initial Purchasers in $500 Million Notes Offering for Cargo Aircraft Management, Inc.
Date: 01/28/20
Cahill represented SunTrust Robinson Humphrey, Inc. and the other initial purchasers in connection with a Rule 144A offering of $500,000,000 aggregate principal amount of 4.750% senior notes due 2028 by Cargo Aircraft Management, Inc. (“CAM”), a subsidiary of Air Transport Services Group, Inc. Proceeds from the offering were used to refinance existing indebtedness and to pay fees and expenses relating to the offering.
CAM specializes in providing aircraft leasing programs tailored to the individual needs of its customers, drawing from its growing fleet of cost-efficient 767-200/300 and 757-200 freighter aircraft. Parent company Air Transport Services Group, Inc. is a leading provider of aircraft leasing, air cargo transportation, and related services to domestic and foreign air carriers and other companies that outsource their air cargo lift requirements, serving as the world's largest owner and operator of converted Boeing 767 freighter aircraft.