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AWAS intends to launch 6 year loan facility

Direct News Source

12-May-2010 AWAS Aviation Capital Limited (AWAS) announced today that it intends to launch a proposed $530 million, 6 year senior term loan facility secured by interests in a portfolio of 30 aircraft.

Goldman Sachs Credit Partners L.P. 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. The transaction will be officially launched with a bank meeting this Friday, May 14th in New York. Consummation of the transaction will be subject to various contingencies including AWAS acceptance of the terms thereof.