Vista Global, the parent of prominent private jet flight providers VistaJet and XO, is in “late-stage negotiations for a proposed convertible preferred equity raise.”
The news from debt-market intelligence website 9fin follows its November 2024 report that Vista Global was working with Jefferies on a “potential preferred equity raise.”
Per today’s report from 9fin:
The deal is expected to be around $800 million, with pricing in the mid-teens and a multiple on invested capital of at least 2x
The money would “boost free cash flow by funding principal payments on VistaJet’s aircraft financing arrangements.”
A Vista Global spokesperson says, “We would not comment on rumors.”
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