(Bloomberg) -- Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a $400 million loan, half of it from private credit funds, to refinance ...
-- Budget carrier AirAsia, a part of the Capital A Bhd group, is seeking a $400 million loan, half of it from private credit funds, to refinance debt, according to people familiar with the matter.The loan will be in the form of a revenue bond, with investors to be paid out of ticket sales from ten AirAsia flight routes, the people said, declining to be identified because the matter is private. A representative of the company declined to comment.
Asia still accounts for a small percentage of the $1.5 trillion global private credit market, but major players such as Blackstone Inc. are targeting growth in the region. With global airline capacity returning to levels seen before the pandemic and industry earnings rebounding, the aviation industry has become a target for private credit lenders.Despite the recent volatility, I am bullish on this dividend stock due to its solid underlying businesses and healthy growth prospects.
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