Genesis, a Dublin based commercial aircraft leasing company, added BayernLB to its $450 million warehouse facility as a co-lender. The facility was led by Citibank, with BayernLB joining Morgan Stanley and Bank of America as co-lenders.
""Genesis are happy to diversify our lender base and we look forward to continuing our relationship with BayernLB in the future,"" said Genesis CFO Adam Smyth.
BayernLB director aviation & space Viktor Berta commented: ""The transaction represents our first aircraft-secured warehouse participation and we are pleased to add this product to our offering while welcoming Genesis amongst our clients.
""Building lasting relations with expert lessors is paramount to our continued growth in the aviation finance space and we’re grateful for Genesis’ trust in our abilities.""
Genesis adds BayernLB as co-lender to $450 million credit warehouse facility
