AIR Global PLC 6-K, filed Oct 1, 2026

AIR Global PLC (AIIR)

6-K 2026-10-01 For: 2026-10-01

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Added on October 02, 2026

About this 6-K

AIR Global PLC filed this 6-K on October 1, 2026.

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ARTICLE I DEFINITIONS AND INCORPORATION BY REFERENCE		1
Section 1.01	Definitions	1
Section 1.02	Other Definitions	35
Section 1.03	Rules of Construction	36
Section 1.04	Jersey terms	37
ARTICLE II THE NOTES		37
Section 2.01	The Notes	37
Section 2.02	Execution and Authentication	38
Section 2.03	Registrar, Transfer Agent and Paying Agent	39
Section 2.04	Paying Agent to Hold Money	39
Section 2.05	Holder Lists	40
Section 2.06	Transfer and Exchange	40
Section 2.07	Replacement Notes	47
Section 2.08	Outstanding Notes	47
Section 2.09	Notes Held by the Issuer	48
Section 2.10	[Reserved]	48
Section 2.11	Cancellation	48
Section 2.12	Defaulted Interest	48
Section 2.13	Computation of Interest	49
Section 2.14	ISIN, Common Code and CUSIP	49
Section 2.15	Issuance of Additional Notes	49
Section 2.16	Agents	50
Section 2.17	Temporary Notes	53
ARTICLE III REDEMPTION; OFFERS TO PURCHASE		53
Section 3.01	Right of Redemption	53
Section 3.02	Notices to Trustee	53
Section 3.03	Selection of Notes to be Redeemed	53
Section 3.04	Notice of Redemption	53
Section 3.05	Deposit of Redemption Price	55
Section 3.06	Payment of Notes Called for Redemption	55
Section 3.07	Notes Redeemed in Part	55
Section 3.08	Mandatory Redemption	55
ARTICLE IV COVENANTS		56
Section 4.01	Payment of Notes	56
Section 4.02	Corporate Existence	56
Section 4.03	Statement as to Compliance	56
Section 4.04	Limitation on Debt	56


Section 4.05	Limitation on Liens	60
Section 4.06	Limitation on Restricted Payments	61
Section 4.07	Limitation on Asset Sales	65
Section 4.08	Limitation on Transactions with Affiliates	67
Section 4.09	Change of Control	69
Section 4.10	Limitation on Guarantees of Debt	70
Section 4.11	Limitation on Dividends and Other Payment Restrictions Affecting Restricted Subsidiaries	71
Section 4.12	Designation of Unrestricted and Restricted Subsidiaries	73
Section 4.13	[Reserved]	74
Section 4.14	Reports to Holders	74
Section 4.15	Suspension of Covenants on Achievement of Investment Grade Status	75
Section 4.16	Financial Calculations	75
ARTICLE V MERGER, CONSOLIDATION OR SALE OF ASSETS		77
Section 5.01	Merger, Consolidation or Sale of Assets	77
Section 5.02	Successor Substituted	79
ARTICLE VI DEFAULTS AND REMEDIES		79
Section 6.01	Events of Default	79
Section 6.02	Acceleration	81
Section 6.03	Other Remedies	82
Section 6.04	Waiver of Past Defaults	82
Section 6.05	Control by Majority	82
Section 6.06	Limitation on Suits	83
Section 6.07	Unconditional Right of Holders to Receive Payment	83
Section 6.08	Collection Suit by Trustee	83
Section 6.09	Trustee May File Proofs of Claim	84
Section 6.10	Application of Money Collected	84
Section 6.11	Undertaking for Costs	84
Section 6.12	Restoration of Rights and Remedies	84
Section 6.13	Rights and Remedies Cumulative	85
Section 6.14	Delay or Omission not Waiver	85
Section 6.15	Record Date	85
Section 6.16	Waiver of Stay or Extension Laws	85
ARTICLE VII TRUSTEE		85
Section 7.01	Duties of Trustee	85
Section 7.02	Certain Rights of the Trustee	86
Section 7.03	Individual Rights of Trustee	88
Section 7.04	Trustee’s Disclaimer	88


Section 7.05	Notice of Defaults.	88
Section 7.06	Compensation and Indemnity	88
Section 7.07	Replacement of Trustee	89
Section 7.08	Successor Trustee by Merger	90
Section 7.09	Eligibility	90
ARTICLE VIII DEFEASANCE; SATISFACTION AND DISCHARGE		91
Section 8.01	Issuer’s Option to Effect Defeasance or Covenant Defeasance	91
Section 8.02	Legal Defeasance and Discharge	91
Section 8.03	Covenant Defeasance	91
Section 8.04	Conditions to Defeasance	91
Section 8.05	Satisfaction and Discharge of Indenture	92
Section 8.06	Survival of Certain Obligations	93
Section 8.07	Acknowledgment of Discharge by Trustee	93
Section 8.08	Application of Trust Money	94
Section 8.09	Repayment to Issuer	94
Section 8.10	Reinstatement	94
ARTICLE IX AMENDMENTS AND WAIVERS		94
Section 9.01	Without Consent of Holders	94
Section 9.02	With Consent of Holders	95
Section 9.03	Supplemental Indentures	96
Section 9.04	Notation on or Exchange of Notes	96
Section 9.05	Notice of Amendment or Waiver	96
Section 9.06	Process for Consents	97
ARTICLE X GUARANTEE		97
Section 10.01	Guarantee	97
Section 10.02	Subrogation	98
Section 10.03	General Limitation of Guarantee	98
Section 10.04	Limitation of Guarantee – DIFC	98
Section 10.05	Limitation of Guarantee – Germany	98
Section 10.06	Waiver of Jersey law customary guarantee rights	101
Section 10.07	Limitation of Guarantee – Kingdom of Saudi Arabia	102
Section 10.08	Limitation of Guarantee – England and Wales	102
Section 10.09	Limitation of Guarantee – United Arab Emirates	102
Section 10.10	Limitation of Guarantee – United States and California	102
Section 10.11	Notation Not Required	102
Section 10.12	Release of the Guarantees	102
Section 10.13	Successors and Assigns	103
Section 10.14	No Waiver	103


Section 10.15	Modification	103
ARTICLE XI [RESERVED]		103
ARTICLE XII MISCELLANEOUS		103
Section 12.01	Notices	103
Section 12.02	Communications
Section 12.03	Certificate and Opinion as to Conditions Precedent	104
Section 12.04	Statements Required in Certificate or Opinion	104
Section 12.05	Rules by Trustee, Paying Agent and Registrar	104
Section 12.06	Legal Holidays	104
Section 12.07	Governing Law	104
Section 12.08	Jurisdiction	104
Section 12.09	No Recourse Against Others	105
Section 12.10	Successors	105
Section 12.11	Counterparts	105
Section 12.12	Table of Contents, Cross-Reference Sheet and Headings	105
Section 12.13	Severability	105
Section 12.14	Power of Attorney	106
Section 12.15	Currency Indemnity	106
Section 12.16	No Adverse Interpretation of Other Agreements	106
Section 12.17	Waiver of Jury Trial	106
Section 12.18	Entire Agreement	106
Section 12.19	Contractual Recognition of EU Bail-In	107


Exhibit A	Form of Note

Exhibit B	Form of Certificate of Transfer

Exhibit C	Form of Certificate of Exchange

Exhibit D	Form of Supplemental Indenture to be Delivered by Subsequent Guarantors


4.1	Indenture, dated as of October 1, 2026, among AIR Limited, AIR Global PLC and Citibank, N.A., London Branch, as trustee.


Term		Defined in Section
“Additional Amounts”		Exhibit A
“Additional Notes”		2.15(a)
“Applicable Law”		2.16(q)
“Authority”		2.16(q)
“Authorized Agent”		12.08
“Book-Entry Interests”		2.06
“Change of Control Offer”		4.09(1)
“Change of Control Purchase Date”		4.09(1)
“Change of Control Purchase Price”		4.09(1)
“Change in Tax Law”		Exhibit A
“covenant defeasance”		8.03
“Declaration of Insolvency”		10.11
“Defaulted Interest”		2.12
“Event of Default”		6.01(1)
“Excess Proceeds”		4.07(2)
“Excess Proceeds Offer”		4.07(3)
“FATCA Withholding”		2.16(q)
“fixed permission”		4.16(3)
“Global Notes Exchange”		2.01(c)(ii)
“Grower Tested Committed Amount”		4.04(6)(b)
“Incur”		4.04(1)
“Incurrence”		4.04(1)
“Initial Default”		6.01(1)
“Initial Lien”		4.05(1)
“Initial Notes”		Recitals
“Legal Defeasance”		8.02
“Notes”		Recitals
“Obligations”		10.01(a)
“Party”		2.16(q)
“Paying Agent”		2.03
“Payment Default”		6.01(1)


Term		Defined in Section
“Payor”		Exhibit A
“Permitted Debt”		4.04(2)
“Permanent Regulation S Global Notes”		2.01(c)(ii)
“ratio-based permission”		4.16(3)
“Registrar”		2.03
“Relevant Taxing Jurisdiction”		Exhibit A
“Restricted Payments”		4.06(1)
“Required Currency”		12.15
“Reversion Date”		4.15
“Security Register”		2.03
“Successor Guarantor”		5.01(b)(1)(a)
“Surviving Entity”		5.01(a)(1)(a)
“Suspension Event”		4.15
“Temporary Regulation S Global Notes”		2.01(c)(ii)
“Tested Transaction”		4.16(1)
“Testing Party”		4.16(1)
“Transaction Commitment Date”		4.16(1)
“Transfer Agent”		2.03
“UAE”		10.09


FIRST:		to the Trustee and Agents and their agents and attorneys for amounts due under Section 7.06, including payment of all fees, costs, compensation, disbursements, expenses and liabilities incurred, and all advances made, by the Trustee and the Agents (as the case may be) and the costs and expenses of collection;
SECOND:		to Holders for amounts due and unpaid on the Notes for principal of, premium, if any, interest, if any, and Additional Amounts, if any, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, interest, if any, and Additional Amounts, if any, respectively; and
THIRD:		to the Issuer, any Guarantor or any other obligors of the Notes, as their interests may appear, or as a court of competent jurisdiction may direct.


AIR Limited,
as Issuer

By:	/s/ Mary-Ann Orr
Name:	Mary-Ann Orr
Title:	Director


AIR Global PLC,
as a Guarantor

By:	/s/ Stuart Brazier
Name:	Stuart Brazier
Title:	Chief Executive Officer


AIR Group Ventures Limited,
as a Guarantor

By:	/s/ Bassem Lotfy
Name:	Bassem Lotfy
Title:	Director


Al Fakher Tobacco Factory FZE,
as a Guarantor

By:	/s/ Ashok Bhat
Name:	Ashok Bhat
Title:	Manager


Al Fakher Tobacco FZE,
as a Guarantor

By:	/s/ Ashok Bhat
Name:	Ashok Bhat
Title:	Manager


Al Fakher Pioneers for Trading,
as a Guarantor

By:	/s/ Moath Melhem
Name:	Moath Melhem
Title:	Sr. Finance Manager


By:	/s/ Safwat William Michail
Name:	Safwat William Michail
Title:	Area Commercial Director


AIR Distribution USA, Inc.,
as a Guarantor

By:	/s/ Jacobo Sarmiento
Name:	Jacobo Sarmiento
Title:	President


emtrada GmbH,
as a Guarantor

By:	/s/ Ziad Houdeib
Name:	Ziad Houdeib
Title:	Managing Director


Citibank Europe Plc,
as Registrar

By:	/s/ Kieran Odera
Name:	Kieran Odera
Title:	Delegated Signatory


AIR Global Brands Limited,
as a Guarantor

By:	/s/ Mary-Ann Orr
Name:	Mary-Ann Orr
Title:	Director


Citibank, N.A., London Branch,
as Trustee, Paying Agent and Transfer Agent

By:	/s/ Kieran Odera
Name:	Kieran Odera
Title:	Vice President


Year	Redemption Price
2028	103.9375%
2029	101.9688%
2030 and thereafter	100.0000%


Your Signature:
(Sign exactly as your name appears on the other side of this Note)

Signature Guaranty:
(Participant in a recognized signature guaranty medallion program)

Date:


Signature:

Signature Guaranty:
	(Participant in a recognized signature guaranty medallion program)

Certifying Signature:

Date:


Signature Guaranty
(Participant in a recognized signature guaranty medallion program)


Date of Decrease/ Increase	Decrease in Principal Amount	Increase in Principal Amount	Principal Amount Following such Decrease/ Increase	Notation Made by or on Behalf of the Paying Agent or the Registrar