Apr 15, 2025·Apr 11, 2025
Air Transport Services Group (ATSG) has officially completed its merger with Stonepeak Partners, announced in an 8-K filing on April 11, 2025. The deal, finalized on the same day, takes ATSG private, with Stonepeak Partners acquiring all outstanding shares for $22.50 per share in cash. This translates to a total consideration of approximately $1.465 billion for ATSG's security holders. As a consequence of the merger, ATSG's common stock has been delisted from NASDAQ. In conjunction with the acquisition, ATSG's existing credit agreements were terminated and replaced with new financing arrangements at the parent company level, including a $1.5 billion term loan and a $400 million revolving credit facility, along with a $500 million issuance of Senior Secured Notes due 2032 by Stonepeak Nile Parent LLC, the parent company formed by Stonepeak for this acquisition.
