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Natixis CIB Leads Vmo Aircraft Leasing’s Warehouse Credit Facility Upsize, Extension to $1.225B

March 08, 2023, 07:26 AM
Filed Under: Aircraft Leasing

Vmo Aircraft Leasing announced the upsizing and extension of its warehouse credit facility to $1.225 billion.

The five-year senior secured warehouse facility originally closed in November 2021, with an initial committed amount of $600 million. The upsizing more than doubles the capacity of the facility and brings new banking partners into the credit facility, including BNP Paribas, Goldman Sachs, KeyBank and Societe Generale.

“We are delighted to announce the upsize, extension and amendment of the Vmo warehouse facility and to welcome four leading aviation financing institutions to the Vmo warehouse bank group. We are grateful for the support from our banks as we continue to execute upon our growth strategy,” said Meghan O'Connor, Vmo’s Senior Vice President and Head of Capital Markets. “The amended and expanded warehouse facility will provide us with additional capacity and flexibility to support our airline customers.”

“Closing an upsize of $625 million via a combination of new lenders and existing banks demonstrates the support Vmo has in the aviation bank market. We are thrilled to continue to support Vmo’s growth through this upsize,” commented Yevgeniya Levitin, Natixis CIB’s Head of Aviation, Americas.

Natixis CIB led the upsize. Milbank LLP acted as legal advisor to Vmo. Maples and Calder (Ireland) LLP acted as Irish legal advisor to Vmo. Vedder Price acted as legal advisor for the Lenders. UMB is the administrative agent and the security trustee.

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