13-May-2010 8:11 AM

AWAS intends to launch six-year loan facility

AWAS Aviation Capital Limited (AWAS) announced (12-MAY-2010) it intends to launch a proposed USD530 million, six-year senior term loan facility secured by interests in a portfolio of 30 aircraft. Goldman Sachs Credit Partners and Credit Agricole Corporate & Investment Bank are acting as joint lead arrangers for this facility. AWAS intends to use the proceeds of the term loan borrowing to refinance its outstanding JetStream and JetBridge loan facilities covering this collateral pool and to pay fees and expenses. [more]