Aerion Corp. plans to sell as much as $200 million in debt as it teams up with Lockheed Martin Corp. to build a private jet that flies faster than the speed of sound.
Its the first time Aerion, backed by Texas billionaire Robert Bass, has sought outside financing for its AS2 supersonic jet, a project the company has been working on since 2003. The aspiring planemaker hired Goldman Sachs Group Inc. to help with a debt sale that could take place within a month, said Brian Barents, executive chairman of Aerion.
Initially were going to be looking at somewhere around $150 million to $200 million that would get us through to the preliminary design phase, which would be about two years out, Barents said in a telephone interview ahea…
Read the full article at: https://www.bloomberg.com/news/articles/2017-12-15/supersonic-jet-takes-shape-with-goldman-debt-sale-lockheed-help
