Clarus Capital completed an upsizing of its existing loan facility for an established, family office backed private aviation platform. The facility, now totaling $35 million, will continue to support the company’s ongoing fleet management. Clarus CEO...
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AvAir, a leading inventory solutions provider for the aviation aftermarket, has announced the successful closure of a new three year syndicated senior credit facility led by HSBC Bank USA. This new facility represents a significant leap forward...
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Aircastle amended and extended all of its existing revolving credit facilities, which increases the aggregate capacity to $2.1 billion and extends the maturity dates of these facilities to 2027 and 2028.Aircastle closed a $1 billion senior, unsecured...
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February 16, 2024, 06:00 AM
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Willis Lease Finance, a lessor of commercial aircraft engines and global provider of aviation services, announced the appointment of Brendan Curran to its Board of Directors, effective Jan. 1, 2024.With a distinguished career in the aerospace...
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December 29, 2023, 07:04 AM
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CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (“CDB Leasing”), announced that the lessor entered into its inaugural Sustainability Linked Loan (“SLL”) on December 1, 2023, anchored with a $625...
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December 08, 2023, 07:00 AM
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Aquila Air Capital, a leading lessor focused on end-of-life solutions, announced the successful closing of a $100 million financing. Deutsche Bank acted as Sole Structuring Agent and Underwriter for the financing. The financing is aimed at increasing...
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November 08, 2023, 07:47 AM
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High Ridge Aviation – the strategic commercial aviation finance platform – announced a seven-year senior secured warehouse facility with an initial committed amount of $500 million. Citi and Deutsche Bank Securities Inc. acted as Co-Structuring...
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First Citizens Bank announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, has provided $40 million in financing for Tronair, a leader in the manufacturing of ground support equipment, aftermarket replacement parts and...
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Embraer closed a US$200 million credit facility to finance purchases from direct suppliers in the United States. This financing is being provided by Citibank and guaranteed by the Export-Import Bank of the United States (EXIM), the country’s official...
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GA Telesis and Tokyo Century Corporation ("TC") announced the launch of its new joint venture lending platform, HALO AirFinance ("HALO"). HALO will serve as the exclusive debt origination channel for GAT and TC, with a focus on secured direct lending...
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SMBC Aviation Capital closed a $1.5 billion loan facility with the Japan Bank for International Cooperation (JBIC) through one of their shareholders, Sumitomo Mitsui Finance and Leasing Company (SMFL). JBIC signed the loan agreement with SMFL which...
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February 27, 2023, 07:00 AM
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Pegasus Airlines closed the first ever sustainability-linked aircraft-secured term loan (“SLL”), which was guaranteed by UK Export Finance for the financing of ten new Airbus A321neo aircraft. The transaction was led by Societe Generale, acting as...
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January 20, 2023, 07:00 AM
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Great Rock Capital closed a $20 million senior secured credit facility with Jet East, a Gama Aviation Company. Jet East is a one of the nation’s leading aviation maintenance providers for scheduled maintenance, unscheduled on-demand mobile...
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January 19, 2023, 08:00 AM
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KKR and Altavair L.P., a leader in commercial aviation finance, announced that KKR is making an additional $1.15 billion commitment to expand its global portfolio of leased commercial aircraft in partnership with Altavair. The investment will come...
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January 12, 2023, 07:54 AM
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Marathon Asset Management, a global credit manager, announced the closing of MAST 2022-1, its inaugural aircraft securitization. The transaction was privately issued and resulted in the placement of $304 million of debt backed by a pool of 15 Airbus...
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December 14, 2022, 07:05 AM
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Siena Lending Group completed a $50 million asset-based revolving line of credit to MD Helicopters, LLC, a manufacturer of high-performance rotorcraft solutions that support operators flying military, commercial, law enforcement, utility, and VIP...
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October 20, 2022, 07:10 AM
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Aviation Capital Group entered into a $425 million senior unsecured term loan with a syndicate of lenders and Mizuho Bank Ltd, as administrative agent. The term loan matures in July 2025 and includes an accordion feature allowing for an additional...
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September 06, 2022, 07:08 AM
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BizCap secured a $20 million credit facility for its client, Schweizer RSG, a leading manufacturer of helicopters and aviation industry parts supplier. The new ABL revolving credit facility will be used to finance production, enabling Schweizer to...
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August 30, 2022, 07:53 AM
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Great Rock Capital closed a $25.0 million senior secured revolving credit facility with NWI Nashville, LLC (“NWI”), a manufacturer and designer of airplane wings, wing components, and other structural parts and assemblies for the aerospace industry. ...
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August 24, 2022, 07:39 AM
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SAS AB entered into a debtor-in-possession (“DIP”) financing credit agreement for USD $700 million (the equivalent of approximately SEK 7.0 billion) with funds managed by Apollo Global Management (“Apollo”). DIP financing is a specialized type of...
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August 15, 2022, 08:06 AM
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Voyager Aviation Holdings, a global full-service aircraft asset lessor and manager, announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $500 million.Citibank, N.A. (“Citi”) acted as Global...
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February 28, 2022, 07:45 AM
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BizCap successfully structured and secured $60 million in financing for AvAir, a global leader in the aviation aftermarket that supplies components to a broad variety of commercial passenger and cargo aircraft operators. This expanded...
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January 11, 2022, 07:51 AM
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Vmo Aircraft Leasing (“Vmo”), a global full-service aircraft lessor, announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $600 million.Credit Suisse Securities (USA) and Natixis Corporate and...
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December 07, 2021, 07:03 AM
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GA Telesis closed a new five-year, $225 million ABL credit facility led by HSBC Bank USA and Fifth Third Bank as Joint Lead Arrangers. The syndication was met with overwhelming interest and allowed the Company to improve terms while expanding its...
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November 16, 2021, 07:58 AM
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36th Street Capital funded a $14 million equipment financing of rotary aircraft for a provider of medical air rescue and transportation services.“The risk profile of this transaction did not fit well within the balance sheet of our bank originations...
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November 08, 2021, 08:00 AM
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ABL Aviation, the global independent aircraft investment management firm, announced that it has established a joint venture with Ellington Management Group (“Ellington”), an alternative investment manager, to opportunistically deploy capital across...
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November 03, 2021, 07:42 AM
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AerCap Holdings N.V. has completed its acquisition of the GE Capital Aviation Services business (GECAS) from General Electric.The acquisition positions AerCap as the worldwide industry leader across all areas of aviation leasing: aircraft, engines...
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November 01, 2021, 07:21 AM
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Castlelake, a global alternative investment firm and experienced leader in aircraft investing, leasing and servicing, announced the creation of Castlelake Aviation Limited ("CA"), a corporate lessor of commercial aircraft that will finance a...
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September 30, 2021, 07:50 AM
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Davidson Kempner Capital Management, an institutional investment management firm, announced the launch of Ashland Place Finance ("Ashland Place"). Ashland Place is an institutional financing platform offering innovative capital solutions to the...
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September 21, 2021, 07:36 AM
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KKR has agreed to invest $40 million in preferred equity in Jet Edge International (“Jet Edge” or the “Company”), an Ohio-based global leader in full-service private aviation responsible for operating the largest fleet of Challenger and Gulfstream...
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September 10, 2021, 07:10 AM
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GovCon Funding Corporation, a Miami-based strategic advisory and financial services company, dedicated to financing middle-market companies operating in the aerospace and defense industry, completed funding of a $4.5MM transaction for corporate...
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September 01, 2021, 07:00 AM
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Air Canada launched the syndication of a new senior secured term loan B expected to mature in 2028 (the "Term Loan"), and completed the syndication in respect of a new senior secured revolving facility expected to mature in 2025 (the "Revolving...
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Marathon Asset Management closed a $155 million senior credit facility for Avenger Flight Group, a leading independent provider of enterprise flight training solutions to aviation clients worldwide. Marathon anchored the loan alongside three other...
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Funds managed by affiliates of Apollo Global Management and Merx Aviation, a global aircraft leasing, management and finance company, announced the closing of an issuance of $540.12 million of secured notes (the “Notes”) by MAPS 2021-1 Trust (“MAPS”)...
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CIT Group is selling its aviation loan portfolio to KKR. This is related to a previously announced definitive agreement for a portfolio that has a committed loan balance of nearly $800 million across more than 50 loans for approximately 60 commercial...
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Jet Edge International, a global leader in full-service private aviation responsible for operating the largest fleet of managed Challenger and Gulfstream aircraft in the United States, and KKR, a leading global investment firm, announced that credit...
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Macquarie Infrastructure Corporation and KKR announced the signing of a definitive agreement for MIC to sell its Atlantic Aviation business to KKR for $4.475 billion in cash and assumed debt and reorganization obligations. Atlantic Aviation operates...
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Funds managed by Stonepeak Infrastructure Partners (“Stonepeak”), a private equity firm specializing in infrastructure investing, have partnered with Bellinger Asset Management (“Bellinger”) to complete the acquisition of a US$1.1 billion performing...
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Azorra Aviation Holdings entered into an agreement with funds managed by Oaktree Capital Management, under which Oaktree and Azorra’s founders will invest $350 million to expand Azorra’s commercial aircraft leasing business.Led by a seasoned team of...
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Tree Line Capital Partners served as agent and lead arranger for a first lien credit facility to support Westward Partners’ (“Westward”) acquisition of Grant Aviation Inc. (“Grant Aviation” or the “Company”). The credit facility included a revolver...
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Ares Management Corporation and aviation industry veterans, including Bob Brown, Sean Sullivan and Will Hudson, announced the launch of Vmo Aircraft Leasing L.P. (“Vmo”), a newly-formed company to acquire and lease commercial aircraft. Funds managed...
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January 12, 2021, 08:00 AM
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Bombardier announced that it has successfully closed the previously announced three-year $1.0 billion senior secured term loan facility with HPS Investment Partners, LLC, acting as administrative agent, collateral agent and the lead lender for a...
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August 20, 2020, 08:59 AM
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Delta Air Lines announced it has entered into a $2.6 billion secured credit facility, enhancing the company’s liquidity as it manages through an unprecedented decline in air travel demand due to the COVID-19 outbreak. The company is also drawing $3...
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American Airlines, Inc. and American Airlines Group Inc., American’s parent corporation (AAG), entered into a Credit and Guaranty Agreement, dated as of the Closing Date, among American, as the borrower, AAG, as parent and guarantor, the lenders...
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AJ Walter Aviation Limited, part of the AJW Group (AJW), the world-leading independent specialist in the global management of aircraft spares, closed a $70m senior secured credit facility with Wells Fargo Capital Finance (UK) Limited - part of Wells...
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February 21, 2020, 08:30 AM
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CIT Group Inc. announced that its Aviation Lending business, part of its Commercial Finance division, served as sole lender and facility agent on a $35 million secured financing for Icelandair Group, the national carrier of Iceland."We were pleased...
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December 10, 2019, 08:55 AM
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Lease Corporation International (LCI), a helicopter lessor and aviation division of the Libra Group, has successfully closed a new asset-backed helicopter financing facility in excess of $75 million.The new facility, led by CaixaBank along with a...
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CIT Group Inc. announced that it served together with NORD/LB as co-lead arrangers and joint documentation agents on a $91 million term loan financing on behalf of Mesa Airlines, the fifth largest independent regional air carrier in the U.S.The...
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The Boeing Company entered into a $1.5 billion, short term credit agreement with Citibank, N.A., JPMorgan Chase Bank, N.A. and Merrill Lynch, Pierce, Fenner & Smith Incorporated as joint lead arrangers and joint book managers, JPMorgan and Bank of...
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Amerisource Business Capital announced the closing and funding of a $1 million senior credit facility for a commercial aviation fuel services company based in Texas. Proceeds of the facility are being used for growth and working capital.Allison...
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KKR, a global investment firm, and Altavair AirFinance, a commercial aviation finance company, announced that the two firms have entered into an agreement to form a long-term partnership to pursue the creation of a leading, global portfolio of leased...
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January 03, 2019, 08:18 AM
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Embraer and Boeing have approved to the terms of a strategic partnership that would position both companies to accelerate growth in global aerospace markets.The approved terms define the joint venture comprising the commercial aircraft and services...
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December 18, 2018, 09:01 AM
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Waypoint Leasing Holdings Ltd., the largest independent global helicopter leasing company, announced that it and certain subsidiaries have entered into an agreement to be purchased by Macquarie Group for approximately $650 million. Macquarie...
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December 10, 2018, 09:01 AM
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Seabury Capital Group LLC announced its role as sole investment banking advisor on the successful acquisition of a leased portfolio of 21 aircraft by Zephyrus Aviation Capital (Zephyrus).Zephyrus is a fleet management solutions provider to lessors...
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October 18, 2018, 07:07 AM
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The NORDAM Group, Inc., together with its domestic subsidiaries and affiliates, announced it has filed a voluntary petition for protection under Chapter 11 reorganization. NORDAM’s foreign subsidiaries and affiliates have not filed for Chapter 11...
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Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the close of a $23 million senior secured loan with PCX Aerostructures (PCX), a leading supplier of highly engineered, precision, flight...
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CIT Group Inc. announced that its Commercial Finance unit served as sole lead arranger for a $422 million senior secured loan financing to White Oak Commercial Aviation, LP, an affiliated entity of White Oak Global Advisors, LLC (White Oak) that is...
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January 19, 2018, 07:19 AM
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American Airlines, Inc. and American Airlines Group Inc. (AAG) entered into a Second Amendment to Credit and Guaranty Agreement, amending the Credit and Guaranty Agreement dated as of April 29, 2016, among American, AAG, the lenders from time to time...
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August 22, 2017, 08:53 AM
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Super G provided $3.5 million to a private equity backed firm that designs, manufactures, and supports NextGen compliant avionics systems that improve the safety, efficiency, and affordability of flying. The company was seeking to refinance its...
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Aviation company GA Telesis, LLC announced the closing of a new five year, $225 million ABL credit facility led by HSBC Securities USA and Fifth Third Bank as Joint Lead Arrangers. The company originally sought a new $200 million facility. Due to...
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Air Transport Services Group, Inc. announced that it has obtained lender commitments for a one-year extension through May 2022 of its secured credit facility, and an expansion of its revolver portion.The amendment to ATSG’s agreements with a...
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CIT Group announced that CIT Aerospace, Defense & Government Finance provided a $35 million senior secured credit facility to Mesa Airlines, a provider of regional air service for American Airlines and United Airlines. Mesa Airlines is the...
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September 23, 2016, 07:31 AM
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TCF Capital Funding (TCFCF), the Chicago-based cash flow and asset-based lending division of TCF National Bank, provided a $15.5 million secured financing to support the acquisition of Aircraft Propeller Services, Inc. (APS or the Company) by Iron...
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Prospect Capital Corporation announced today that Prospect has invested $92 million of debt and equity in Echelon Aviation LLC (“Echelon”). Prospect is the controlling shareholder of Echelon.Established in 2014, Echelon is an aircraft leasing company...
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GB Credit Partners, the investment management affiliate of Gordon Brothers Group, announced it has acted as the administrative agent for a $73 million facility to Silver Airways supported by the company’s aircraft and other assets. Owned by Victory...
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February 06, 2014, 07:56 AM
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Aviation Capital Group (ACG) closed a four-year senior unsecured revolving credit facility of $850 million. The facility increases ACG's committed revolving debt capacity to $1 billion and provides increased flexibility to support its operations and...
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October 21, 2013, 07:54 AM
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Erickson Air-Crane Incorporated, a leading global provider of aviation services to a diverse mix of commercial and government customers and the vertical manufacturer and operator of the powerful, heavy-lift helicopter, the Erickson S-64 Aircrane...
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Air Lease Corporation announced today the closing of a four year unsecured revolving bank credit facility for $1.7 billion priced at LIBOR +1.45%, with no LIBOR floor.This new facility amends and updates our existing bank facility, by increasing the...
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