Global Crossing Airlines Announces Closing of Issuance of Additional Notes
MIAMI, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce the closing of the placement of an additional US$5 million of Senior Secured Notes due 2029 (the “Financing”) with a fund managed by Axar Capital Management LP and its affiliates (the “Investor”), a value-oriented alternative investment firm with over US$2.3 billion in assets under management.
- MIAMI, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Global Crossing Airlines Group, Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce the closing of the placement of an additional US$5 million of Senior Secured Notes due 2029 (the “Financing”) with a fund managed by Axar Capital Management LP and its affiliates (the “Investor”), a value-oriented alternative investment firm with over US$2.3 billion in assets under management.
- These notes are the same series as the US$35 million of Senior Secured Notes due 2029 (the “August 2023 Notes”) that were issued on August 2, 2023.
- The Financing consisted of the sale of US$5 million of Senior Secured Notes (the “Notes”) and accompanying warrants to purchase the Company’s common stock.
- This news release does not constitute an offer of securities for sale in the United States.