VistaJet Malta Finance and VistaJet Co Finance, subsidiaries of VistaJet Group Holding (VistaJet), have closed their offering of  $300 million aggregate principal amount of 7.750 per cent senior unsecured notes due 2020. 

Interest on the five-year notes is payable semi-annually on June 1 and December 1, beginning on December 1, 2015. The notes are guaranteed on a senior unsecured basis by the Switzerland-headquartered VistaJet.

The net proceeds of the notes will be used by VistaJet to acquire aircraft and for general corporate purposes, as part of the company's continuing global expansion. The issuance confirms VistaJet's position as one of the world's leading privately owned branded business aircraft fleets, and helps the company to fulfil the substantial and fast growing global travel needs of its corporate executive and high net worth Individual customers.

As part of this process VistaJet obtained its first public corporate credit ratings from Standard & Poors and Fitch, of B+/Stable and B/Stable respectively.

Thomas Flohr, Founder and Chairman of VistaJet, said: "As a first time issuer, we are very pleased with the demand and support for this offering, which to our knowledge is the first ever unsecured US dollar bond in private aviation."

 Founded in 2004 by Thomas Flohr, VistaJet has to date visited over 180 countries, landed at 1,320 airports worldwide, logged over 70,000 flights and carried over 165,000 passengers. Its unique business model provides all the benefits of owning a personal jet without the responsibilities or asset risk of ownership.

In April 2015, VistaJet announced that it had extended its global market leadership in business aviation by introducing Challenger 350 aircraft service in the US; the company's fleet now consists of only Challenger and Global aircraft in all key markets around the world. 

With the exception of a former Bombardier-owned subsidiary, VistaJet and related entities have purchased and taken delivery of the largest number of new business aircraft from Bombardier. VistaJet's market strategy removes the burden of ownership from its customers and connects them to every corner of the world with point-to-point coverage.