Irish turboprop lessor Abelo has closed a new warehouse financing of up to $750 million, the company said on June 2, 2025.
The financing, closed on May 23, 2025, will provide a “substantial platform” for the company's growth plans.
The facility was underwritten by Deutsche Bank and closed with the bank acting as sole structuring agent. Both Deutsche Bank and MUFG acting as joint lead arrangers.
Abelo said the financing will allow it to further capitalise on significant opportunities in the regional aircraft market, supporting the expansion of its fleet and customer base. The financing follows the company's recent acquisition by an affiliate of Cerberus Capital Management.
“Securing this facility represents another important milestone for Abelo,” commented Abelo CEO Stephen Gorman said. “While the support of our new investor and key financing partners, we are in a strong position to strategically scale our platform, serve our customers, and continue leading the transition to more sustainable and efficient regional aviation.”
Deutsche Bank head of US aviation financing Andrew Stratos commented: “Deutsche Bank's distinguishing strength in structuring transactions allowed us to differentiate ourselves from the market and deliver a timely underwritten commitment.”