High Ridge Aviation announced a seven-year senior secured warehouse facility with an initial commitment of $500 million.
Citi and Deutsche Bank Securities Inc. acted as Co-Structuring Agents and Mandated Lead Arrangers on the facility.
“We are extremely pleased to have worked with both Citi and Deutsche Bank to successfully establish this facility which furthers our ability to execute our strategic growth plans,” commented Greg Conlon, chief executive, High Ridge Aviation. “The involvement of two preeminent aviation lenders on the half-billion-dollar facility demonstrates the confidence the market has in High Ridge Aviation.”
Milbank LLP acted as legal advisor to High Ridge Aviation with Vedder Price acting as legal advisor to the lenders. High Ridge Aviation was also supported in the transaction by A&L Goodbody as Irish legal advisor. Citi is acting as the Administrative Agent, Account Bank and the Security Trustee for the facility.