S&P Global Ratings has provided a bulletin after Vista Global upsized a senior secured loan and revolving credit facility.
The parent of private jet flight providers VistaJet and XO closed the deals last week.
It is North America’s third-largest charter/fractional private jet operator behind NetJets and Flexjet.
S&P confirmed that Vista Global had increased its new senior secured term loan to $700 million from a proposed $500 million.
It also increased its undrawn revolving credit facility to $315 million from $265 million.
The bulletin was titled, “Vista Global Holding Ltd.’s Debt Upsizing Further Improves Its Liquidity Position.”
The moves “further boost its liquidity position.”
S&P said, “Its liquidity sources…
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