KDAC Aviation finance $722.5 million ABS

22/6/2018
Asset Backed Securities (ABS)

$ 722.5 million

Completed

22/6/2018


Overview:

  • KDAC Aviation Finance has issued $768.4 million of asset backed notes. 
  • The notes are issued in three tranches: $565 million A notes and $95.5 million B notes due 2030, and $62 million C notes due 2025.
  • The issues are backed by a portfolio of 36 aircraft on lease to 30 lessees located in 24 countries.

Rajeeb Gurung - Researcher

Jurisdiction:

Ireland

Deal type:

Asset Backed Securities (ABS)

Practice area:

Capital markets : Structured finance and securitisation

Industry sector:

Aviation


Firms:

Party: KDAC (Issuer)


Party: DVB Bank (Servicer)

Lawyer: Donna Ager


Party: DVB Bank (Servicer)

Party: KKR (Co-manager)