Return flight: Maldives seaplane back for $150m

maldivian air taxi, trans maldivian airways
By Rashmi Kumar
03 Apr 2014

The Maldives has once again hit bankers’ radars after private equity firm Blackstone sealed a $150m loan last week, refinancing the funds it took less than a year ago to buy stakes in two seaplane operators in the island nation.

The PE company bought controlling stakes in Maldivian Air Taxi and Trans Maldivian Airways in the middle of last year, bringing to the loan market the first leveraged buyout financing from the island.

It took on debt worth $110m, with a five year tenor, provided by just ...

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