Issue of Debt

18 December 2014

US$200 million Private Placement

BBA Aviation plc announces the successful completion of an issue of US private placement loan notes with institutional investors.

The issue consists of US$200 million of senior notes with maturities of 7, 10 and 12 years and coupons of between 3.7% and 4.2%. The notes have a weighted average maturity of 9.8 years and weighted average coupon of 4.0%. The initial offering of US$100 million was more than four times oversubscribed. The proceeds are being used to repay drawings under the Group's existing committed bank facilities. Half of the proceeds have been swapped from fixed into variable rates.

Mike Powell, BBA Aviation Group Finance Director commented:

"We are pleased to have secured attractively priced, long-term debt, further diversifying our sources of debt funding. The strong demand from institutional investors clearly reflects BBA Aviation's performance and growth since our debut US private placement transaction in 2011 and continued confidence in the company's future prospects.

The combination of our bank debt facility and private placement provides us with a stable, long-term financing structure which will support the execution of our strategy of organic growth and selective consolidation in fragmented markets."

Enquiries:

BBA Aviation plc

Mike Powell, Group Finance Director / Jemma Spalton, Head of Investor Relations

020 7514 3999

Tulchan

David Allchurch / Christian Cowley

020 7353 4200

Notes to Editors 

BBA Aviation plc is a leading global aviation support and aftermarket services provider with market leading businesses and attractive growth opportunities. BBA Aviation's Flight Support businesses (Signature Flight Support and ASIG) are focused on refueling and ground handling of business and commercial aviation aircraft. Its Aftermarket Services businesses (Dallas Airmotive, H+S Aviation, International Turbine Service, Barrett Turbine Engine Company and Ontic) are focused on the repair and overhaul of jet engines and the service of aerospace sub-systems and components. For more information, please visit www.bbaaviation.com.