Ropes & Gray Advised Initial Purchasers and Lenders in Connection with AIR Limited’s $425 Million Bond and $75 Million RCF

Ropes & Gray advised the initial purchasers, in connection with the offering by AIR Limited, a direct wholly owned subsidiary of AIR Global PLC (Nasdaq: AIIR), of $425,000,000 aggregate principal amount of senior unsecured notes due 2031 (the “Notes”). The Notes are guaranteed on a senior basis by AIR Global PLC and certain of the Issuer's subsidiaries.

Ropes & Gray also advised the lenders in connection with AIR Limited's $75,000,000 revolving credit facility.

Founded in 1999 and headquartered in Dubai, AIR Global PLC is a global consumer brands and innovation company with a presence in more than 90 markets worldwide. Its portfolio spans social inhalation and modern nicotine categories through brands including Al Fakher, Crown Switch, Crown Gems, and Al Fakher nicotine pouches.

The Ropes & Gray team was led by Michael Kazakevich and Alex Robb, with support from Ana Biloglav, Amy Olson, Dimos Papanikolaou, Cameron Storah, Kahill Sarronwala, Alexandra Elphick, Lois Elshof and Yinn Wong. Andrew Howard and Matt Parsons provided tax advice.