Two seasoned financial reporters for debt-market intelligence website 9fin are reporting XO, and VistaJet parent Vista Global is working with Jefferies on a “potential preferred equity raise.”
The report by Will Caiger-Smith and Max Frumes cites unnamed sources.
A spokesperson for Vista Global tells Private Jet Card Comparisons, “We do not comment on rumors.”
According to 9fin, “The size of the potential deal could be between $600m and $1bn, according to sources. Proceeds would be used, among other things, to help fund amortization payments on the company’s aircraft leases.”
The report states, “While it’s been clear for some time that VistaJet needs to raise cash, the founder’s large ownership stake has been…
