Aircraft lessor Azorra has closed a $988 million debt financing facility on July 30, 2024.
“We are thrilled with the strong investor support for this financing. This achievement underscores the confidence in our business model and our commitment to delivering exceptional value to our customers,” said John Evans, CEO of Azorra.
The transaction will include a $750 million revolving credit facility and a $238 million resource debt financing.
Claudia Ziemer, SVP finance at Azorra added: “Securing this financing is a pivotal moment for Azorra. It significantly strengthens our financial position and provides us with the flexibility to capitalise on growth opportunities in the dynamic aviation industry.”
The financing marks the establishment of new banking partnerships with Airbus Bank, Bank of America, PNC, RBC and Société Générale.
Azorra closes $988 million secured credit facility
