AWAS successfully closes $530m Term Loan in Capital Markets Deal

AWAS Aviation Capital Limited (AWAS) announces (11-Jun-2010) that it has issued a $530m Senior Secured Term Loan maturing in June 2016 in the US Capital Markets and has used the proceeds to refinance two secured credit facilities. The Term Loan is secured by a diverse portfolio of 30 aircraft on lease to 18 lessees in 12 countries. The portfolio comprises 51% Boeing aircraft and 49% Airbus aircraft (with a combined 86% of the aircraft being narrow-body) and with 76% of the pool being highly liquid aircraft types including A320 family and the B737NG.