AWAS closes first Private Placement for $350m

AWAS has closed its first Private Placement Term Loan. Aviation Finance Company (AFC) acted as Lead Arranger and Sole Book Runner, with CACIB, Goldman Sachs and Wells Fargo as Co-Leads and BNP Paribas as Manager. The proceeds from the transaction were used to repay the existing debt on ten young narrow-body aircraft and for general corporate purposes. This new facility rated BBB by S&P will have a 7-year term at a 4.87% coupon. Clifford Chance acted as legal counsel on behalf of AWAS and Vedder Price on behalf of AFC and the Co-Lead Arrangers.

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