Carlyle taps ABS market with a single tranche deal

Carlyle Aviation is in the market with a single tranche asset backed securitisation (ABS) – the fourteenth iteration of its AASET series. 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 documents permit the addition of an A-2 tranche at a later date with some conditions. Goldman Sachs is leading the deal as sole structuring agent, global coordinator