{"id":559060,"date":"2023-03-01T08:47:33","date_gmt":"2023-03-01T03:17:33","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=559060"},"modified":"2023-03-01T09:14:34","modified_gmt":"2023-03-01T03:44:34","slug":"spicejet-debt-recast-carlyle-aviation-to-pick-up-7-5-stake-in-airline","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-debt-recast-carlyle-aviation-to-pick-up-7-5-stake-in-airline\/","title":{"rendered":"SpiceJet debt recast: Carlyle Aviation to pick up 7.5% stake in airline"},"content":{"rendered":"<p>Low-cost carrier SpiceJet said on Monday that its board had restructured over $100-million (Rs 829-crore) dues to aircraft lessor Carlyle Aviation Partners into equity and compulsorily convertible debentures. The development comes after months of negotiations and approvals from lenders and lessors.<\/p>\n<p>Carlyle Aviation will receive a 7.5 per cent stake in SpiceJet and compulsorily convertible debentures in the airline\u2019s cargo subsidiary as part of the debt-restructuring plan.<\/p>\n<p>Carlyle Aviation will be issued fresh equity shares worth $29.5 million (Rs 244 crore) of the airline at Rs 48 a share or at a Sebi-determined price, whichever is higher.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Low-cost carrier SpiceJet said on Monday that its board had restructured over $100-million (Rs 829-crore) dues to aircraft lessor Carlyle Aviation Partners into equity and compulsorily convertible debentures. The development comes after months of negotiations and approvals from lenders and lessors. Carlyle Aviation will receive a 7.5 per cent stake in SpiceJet and compulsorily convertible debentures in the airline\u2019s cargo subsidiary as part of the debt-restructuring plan. Carlyle Aviation will be issued fresh equity shares worth $29.5 million (Rs 244 crore) of the airline at Rs 48 a share or at a Sebi-determined price, whichever is higher.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-559060","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/559060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=559060"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/559060\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=559060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=559060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=559060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}