Financing ·
AIR prices $425 million of senior unsecured notes due 2031 at 7.875% coupon
AIIRAIR Global PLC
On September 23, 2026, AIR Limited, a wholly owned subsidiary of AIR Global PLC, priced $425 million in senior unsecured notes. The five-year bonds mature in 2031 with an annual coupon rate of 7.875% and are guaranteed by the parent company and certain subsidiaries. Proceeds will be used to repay outstanding term loan and revolving credit facility balances, including accrued interest and fees, as well as for general corporate purposes. The offering is expected to settle around October 1, 2026. AIR Global PLC operates in the consumer goods industry, specifically manufacturing and marketing adult nicotine and social inhalation products such as flavored shisha molasses and vaping platforms.