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Aircraft finance

Intrepid finances three A330-300s

Intrepid finances three A330-300s

Commercial aircraft lessor Intrepid Aviation has sourced financing for a portfolio of three Airbus A330-300s, currently on service with Turkish Airlines. The financing will be used to repay the $120 million outstanding notes at 8.25% which matured 15 July, 2017.

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GOAL finances Vietjet A321 acquisition

GOAL finances Vietjet A321 acquisition

German Operating Aircraft Leasing (GOAL) has agreed to finance Vietjet’s purchase of four brand new A321 aircraft direct from Airbus, worth $464 million. Vietjet is expecting the four aircraft to complete delivery within the year to place on both domestic

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Kroll assigns preliminary ratings to Castlelake’s $785.5 million security

Kroll assigns preliminary ratings to Castlelake’s $785.5 million security

Kroll Bond Rating Agency has given preliminary ratings to Castlelake’s $785,500,000, three tranche Aircraft Structured Trust 2017-1. This is the fourth asset-backed securitization for Castlelake. Proceeds from the loans will be used to purchase a fleet of 43 aircraft on

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Cargojet redeems outstanding debentures

Cargojet redeems outstanding debentures

CargoJet, the Canadian cargo airline, has redeemed all of its outstanding 5.5% convertible debentures due 30 June 2019 worth $1,359,000. 30,788 common voting shares were issued in respect of the redemption. The cargo carrier transports 1,300,000 pounds of cargo every

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GA Telesis closes $225 million credit facility

GA Telesis closes $225 million credit facility

GA Telesis, a lessor and MRO provider based in Leatherhead, has closed a new $225 million asset-based lending (ABL) credit facility with a five year term. The ABL facility is a financing of a $150 million set to expire in 2018. The

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Vietjet and Mitsubishi UFJ agree financing for three A321s

Vietjet and Mitsubishi UFJ agree financing for three A321s

Vietjet has signed an agreement with Mitsubishi UFJ  to provide finance for three new Airbus A321s worth $348 million. The Vietnamese low-cost carrier previously signed the purchase agreement for the three aircraft with Airbus and will receive them within the year to help meet

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ALC prices $600 million public offering

ALC prices $600 million public offering

Air Lease Corporation (ALC) has priced a public offering of $600 million at a rate of 2.625% due 2022. The unsecured senior notes are expected to close in just under a week on 12 June. Notes will be payable semi-annually, on

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Castlelake closes fund at $1 billion

Castlelake closes fund at $1 billion

Castlelake, the Minneapolis investment firm, has closed its dedicated Aviation fund at a hard cap of £1 billion. This is the third dedicated aviation fund the firm has closed. The funding will help Castlelake’s rates of return and generate cash from

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Air Canada reprices $1.1 billion facility

Air Canada reprices $1.1 billion facility

Air Canada has repriced its $1.1 billion senior secured credit facility. The repricing has reduced the loans interest rate to 225 basis points over LIBOR, dropping 50 points. The repricing follows Moody’s upgrade of the airlines family rating from B1 to

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Avation issues $20 million tranche for ATR deal

Avation issues $20 million tranche for ATR deal

Avation, the Singaporean lessor, has priced and issued a $20 million tranche of senior Medium Term Notes due 2020 to help fund the purchase of a new ATR72-600. This will be added on top of a previous issue of $100

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