Ashland Place Finance, the commercial aviation financing platform, has completed a new financing facility involving three 737-700s and two A320-200s for HPS Investment Partners (HPS), a global credit investment firm, and Sirius Aviation Capital (Sirius), the global aircraft lessor based in Abu Dhabi Global Market. The aircraft are currently on operating lease to Southwest Airlines and Air New Zealand, respectively.
"We are thrilled to add HPS to Ashland Place's growing platform and to complete another financing with Sirius. We have now financed 10 aircraft for Sirius, and look forward to building on our new partnership with HPS," said Jennifer Villa, Ashland Place's Executive Director and Group Head.
Kieran Ryan, Chief Financial Officer at Sirius, added: "Sirius is pleased to close this financing facility with Ashland Place. Working in collaboration with their team continues to benefit our clients and partners. The successful conclusion of this debt transaction is a continued endorsement of the market for mid-life, single-aisle aircraft and Sirius's approach to targeting top-tier lessees."
Allen & Overy served as legal counsel for Ashland Place and McCann Fitzgerald represented Sirius and HPS on this transaction.