Vista Global Holding Limited $550 Million High-Yield Notes Offering

Davis Polk advised the initial purchasers in connection with a Rule 144A/Regulation S offering by Vista Malta Finance P.L.C. and XO Management Holding, Inc., subsidiaries of Vista Global Holding Limited, of $550 million aggregate principal amount of 10.500% senior notes due 2024. The notes are guaranteed by Vista Global and certain of its subsidiaries.

Vista Global is a leading provider of asset-lite, high-quality, technology-driven, outsourced business aviation travel services. Vista Global is the second-largest operator globally by hours flown in the highly fragmented business aviation industry.

The Davis Polk capital markets team included partner Derek Dostal and associates John H. Runne, Jolie Yang and Ryan Lewis. Partner Michael Farber and associate Jonathan Saltz provided tax advice. All members of the Davis Polk team are based in the New York office.