Mar 2023
Conyers advised Atlas Air Worldwide Holdings, Inc. (“Atlas”) on BVI and Cayman Islands law aspects of the acquisition of Atlas by Rand Parent, LLC (“Rand”) and the entry into related financing arrangements including the issue by Rand of $850 million aggregate principal amount of 8.500% senior secured notes due 2030 (the “Notes”). The Notes form part of a financing package being provided by a group of investors led by Apollo Global Management, Inc. inconnection with Rand’s acquisition of Atlas Air, and are being used to fund the acquisition ofAtlas and to pay related fees, costs, premiums and expenses.
Atlas Air Worldwide Holdings, Inc. is a leading global provider of outsourced aircraft and aviation operating services and the largest outsourced air freight provider in the world.
The Conyers BVI team was led by Robert Briant in the BVI, with support from Oliver Cross in the London office, and the Conyers Cayman Islands team was led by Barnabas Finnigan in Conyers’ London office and Matthew Stocker in the Cayman Islands office.
Conyers is a leading international law firm with a network of offices around the globe. Since our beginnings in 1928, we havedistinguished ourselves through our commitment to clients, providing responsive, sophisticated and strategic advice alongside comprehensive fiduciary services.
Conyers has a broad client base including FTSE 100 and Fortune 500 companies, international finance houses and asset managers. The firm advises on Bermuda, British Virgin Islands and Cayman Islands laws, from offices in those jurisdictions and in the key financial centres of Hong Kong, London, and Singapore.