Republic Airways Holdings’ $206 Million Support Under The Payroll Support Program


Simpson Thacher & Bartlett advised Republic Airways Holdings Inc. on the deal.

Republic Airways Holdings Inc. obtained support under the Payroll Support Program pursuant to The Coronavirus Aid, Relief, and Economic Security Act.

Republic Airways received a grant and loan in an aggregate amount of $206 million. In connection with receiving the support, Republic Airways issued a warrant to purchase its common stock to the U.S. Department of the Treasury. Republic Airways is one of the largest regional airlines in the United States.

Simpson Thacher advised Republic Airways with a team including Joshua Ford Bonnie (Picture), Jonathan Pacheco and Claire DiMario (Capital Markets–D.C.); Jonathan Ozner (Capital Markets–NY); and Keith Noreika and Adam Cohen (Bank Regulatory).

Involved fees earner: Adam Cohen – Simpson Thacher & Bartlett; Claire DiMario – Simpson Thacher & Bartlett; Joshua Ford Bonnie – Simpson Thacher & Bartlett; Keith Noreika – Simpson Thacher & Bartlett; Jonathan Ozner – Simpson Thacher & Bartlett; Jonathan Pacheco – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Republic Airways Holdings;

Author: Ambrogio Visconti