Debevoise Advises Hawaiian Airlines in Its Loyalty Bond Senior Notes Exchange Offering

30 July 2024

Debevoise & Plimpton LLP is advising Hawaiian Airlines in its exchange offer of $1.2 billion aggregate principal amount of 5.750% Senior Secured Notes due 2026 for $985 million aggregate principal amount of 11.000% Senior Secured Notes due 2029 and cash and related consent solicitation, which closed on July 26, 2024 with participation by more than 99% of noteholders. For more information, please see the company’s press release.

Hawaiian is Hawaiʻi's largest and longest-serving airline.

The Debevoise team is led by aviation finance partner Brian Liu, capital markets partner Eric Juergens and restructuring partner Sidney Levinson and includes aviation finance associates Vitali Anfimov and Iryna Nikolaieva, capital markets partner Peter Loughran, counsel Joshua Samit and associates Andrew Hong, Michael Keene and Victoria Li, restructuring associate Michael Godbe, tax counsel Ben Lee Friedman and associate Corey Mavleos and litigation partner William Taft.