Latham & Watkins Advises on Air Transport Services Group’s Convertible Senior Notes Offering

Air Transport Services Group, Inc. (NASDAQ: ATSG) has announced the pricing of its offering of US$350,000,000 aggregate principal amount of 3.875% convertible senior notes due 2029 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The issuance and sale of the notes are scheduled to settle on August 14, 2023, subject to customary closing conditions. ATSG also granted the initial purchasers of the notes a 30-day option to purchase up to an additional US$50,000,000 principal amount of notes.

Latham & Watkins LLP represents the initial purchasers in the transaction with a deal team led by New York partners Greg Rodgers and Andrew Blumenthal, with associates Angel Marcial, Erin Gilgen, and Yulong Li. Advice was also provided on equity derivative matters by New York partner Eric Rice, with associate Hera Liao; and on tax matters by New York partner Elena Romanova, with associate Ronald Moore.