Archives: October 2014

AWAS Closes its First Private Placement for $350m using Aviation Finance Company

afc-logo awas-logo

DUBLIN – October 14, 2014 – Aviation Finance Company (AFC) announced today that it acted as Lead Arranger and Sole Book Runner to close a Private Placement Term Loan for AWAS. This is the first time AWAS was involved in this type of transaction signaling the growing demand for alternative sources of capital creatively structured to meet the evolving needs of the global transportation industry. CACIB, Goldman Sachs and Wells Fargo were Co-Leads and BNP Paribas served as Manager. The proceeds from the transaction will repay the existing debt on 10 young narrow-body aircraft as well as for general corporate purposes. This new facility rated BBB by S&P and will have a seven-year term at a 4.87% coupon.

Douglas Brennan, CEO of AFC, stated, “Thanks to the effective collaboration between AWAS, AFC and this strong group of investors, we applied some fresh thinking to determine innovative investment structures that would yield favorable results.” He continued, “It is extremely gratifying to play a meaningful role for AWAS in their first deal of this nature.”

Simon Glass, AWAS Chief Financial Officer shared, “Working with AFC, we were able to approach major US investors for the first time to directly structure a transaction that met our specific requirements while meeting investors’ defined investment criteria.”

Clifford Chance acted as legal counsel on behalf of AWAS and Vedder Price on behalf of AFC and the Co-Lead Arrangers.

About Aviation Finance Company

Aviation Finance Company Limited (AFC) was established in 2013 to provide alternative sources of capital and arrange financing solutions that are creatively and thoughtfully structured to meet the needs of the global transportation industry. AFC is headquartered in Dublin, Ireland and along with its sister company in New York, works collaboratively with investors, airlines and aircraft manufacturers to deliver outstanding service. Aviation Finance Company Limited (AFC) is a reliable investment partner and financial advisor to airlines and aviation operators seeking debt and equity financing.

About AWAS

AWAS is one of the world’s leading aircraft leasing companies. Our team of industry professionals serves every major and developing commercial aviation market around the globe from our Dublin headquarters and offices in New York, Miami, and Singapore.

AWAS owns a portfolio of more than 300 modern aircraft with 20+ aircraft on order from Airbus and Boeing including a number of next generation aircraft. The aircraft portfolio is on lease to over 110 airline customers in 50 countries. The AWAS fleet features a full range of the most popular aircraft types which includes both narrow-bodied and wide-body aircraft.

 

Aviation Finance Company: 

Douglas L. Brennan
Chief Executive Officer
dbrennan@avfinco.com
Direct: +353 1 607 7000

AWAS: 

Mark Tender
Vice President Marketing and Communications
Direct: +1 212 782 3375
Mobile: +1 917 345 7231

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Ittihad International Investment And Aviation Finance Company Form Joint Venture To Bring Financing Solutions To The Aviation Industry

ABU DHABI, United Arab Emirates, Oct. 14, 2014 — Ittihad International Investment LLC of Abu Dhabi, U.A.E., and Aviation Finance Company Limited of Dublin, Ireland, are pleased to announce the formation of Ittihad | AFC Aviation Consultancy, LLC, a U.A.E. based joint venture that will bring finance and leasing solutions to the aviation industry in the Middle East, North and East Africa and Asia.

Christopher Condy of AFC and Head of Ittihad | AFC said, “It is a privilege to partner with such a prestigious and well established group as Ittihad International Investment and utilize the vast resources of the combined companies to begin this new venture.”

Omar Hourani, Head of Business Development of Ittihad International Investment, mentioned: “We see a great potential for AFC’s innovative and tailor made structures to underpin the growth of the regional aviation industry. AFC brings a remarkable track record that demonstrates an excellent understanding of the industry and its prospects in the region.”
About Aviation Finance Company

Ittihad International Investment is a privately held conglomerate, engaged in a wide spectrum of economic sectors and activities. Ittihad group governs several prestigious companies and is strategically geared towards driving organic growth, as well as expanding the portfolio through new direct investments. The company’s strategic partnerships with global business leaders in multiple sectors have led to the effective creation of numerous new ventures with primary focus on the MENA region and emerging markets.

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