Carlyle closes AASET 2024-1 single tranche ABS

Carlyle Aviation has closed its $428.051 million single tranche asset backed securitisation (ABS) transaction AASET 2-24-1, the fourteenth iteration of its AASET series, which marks the reopening of the aviation ABS market after a more than two year hiatus. AASET 2024-1 comprises $428.051 million Class A-1 notes to be secured on a portfolio of 12 aircraft on lease to 11 lessees. The notes, rated A by KBRA, have at loan-to-value ratio of 65% with a final maturity date of May 2049, with an anticipated repayment date of May 2031. The A-1 tranche was offered at par with a 6.26% coupon