Dublin-based lessor Genesis has upsized its warehouse credit facility to $800 million, up from $650 million, the lessor said today (March 13).
The initial facility was closed in November last year.
The expanded facility will further support the lessor's funding platform and provides additional capacity to support the growth of its commercial aircraft portfolio.
The facility is led by Citi, with Morgan Stanley, Bank of Americas, Deutsche Bank and BayernLB acting as co-lenders.
Additionally, the company's component trading division ReGen has received a CFM56-5B/P. The engine is scheduled for immediate disassembly.