Ashland Place Finance has completed a new facility financing the acquisition of three 737-800 freighters for Atalaya Capital Management and Crestone Air Partners. This is the second transaction Ashland Place has completed with both companies, having financed a 777-300ER for Atalaya in August 2022 and four CFM56 engines for Crestone in July 2022.
"We returned to Ashland Place based on the creative and collaborative nature of our previous work together," said Atalaya principal Dominic Nardone. "This transaction was no different, and we are excited to find more opportunities to work together."
"The Ashland Place team possess a deep understanding of the industry and how to navigate the current economic environment," said Crestone CEO Sebastian Lourier.
Allen & Overy served as legal advisor to Ashland Place, and Pillsbury Winthrop Shaw Pittman served as legal advisor to Atalaya and Crestone.