{"id":559076,"date":"2023-03-01T08:57:05","date_gmt":"2023-03-01T03:27:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=559076"},"modified":"2023-03-01T09:25:09","modified_gmt":"2023-03-01T03:55:09","slug":"spicejet-restructures-dues-to-carlyle-aviation-to-raise-fresh-capital","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/spicejet-restructures-dues-to-carlyle-aviation-to-raise-fresh-capital\/","title":{"rendered":"SpiceJet restructures dues to Carlyle Aviation, to raise fresh capital"},"content":{"rendered":"<p>BENGALURU (Reuters) -India&#8217;s SpiceJet Ltd said on Monday it will convert around $100 million in dues to an aircraft lessor into equity and debentures and raise fresh capital of $300 million, sending the shares up as much as 6%.<\/p>\n<p>The low-cost carrier will convert its dues to Carlyle Aviation Partners into new shares worth $29.5 million, giving the commercial aviation investment and servicing arm of Carlyle Group Inc a 7.5% stake in the company.<\/p>\n<p>The airline will also transfer $65.5 million worth of compulsorily converted debentures of SpiceXpress and Logistics to Carlyle Aviation.<\/p>\n<p>Carlyle will convert the debentures of SpiceXpress, a separate airline cargo company owned by SpiceJet, into shares of the cargo business at a later date.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU (Reuters) -India&#8217;s SpiceJet Ltd said on Monday it will convert around $100 million in dues to an aircraft lessor into equity and debentures and raise fresh capital of $300 million, sending the shares up as much as 6%. The low-cost carrier will convert its dues to Carlyle Aviation Partners into new shares worth $29.5 million, giving the commercial aviation investment and servicing arm of Carlyle Group Inc a 7.5% stake in the company. The airline will also transfer $65.5 million worth of compulsorily converted debentures of SpiceXpress and Logistics to Carlyle Aviation. Carlyle will convert the debentures of SpiceXpress, [&hellip;]<\/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-559076","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\/559076","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=559076"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/559076\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=559076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=559076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=559076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}