Aircraft leasing and lending platform High Ridge Aviation has upsized its warehouse facility, assisted by new banking partner Credit Agricole Corporate and Investment Bank.
The $500 million seven-year senior secured warehouse facility originally closed in July 2023, the High Ridge Aviation team has not disclosed how much the facility was upsized by but CEO Greg Conlon noted that the expanded facility would provide “added capacity and flexibility” to support High Ridge Aviation’s airline clients. Conlon concluded: “We are appreciative of our lenders’ support as we continue to execute our growth strategy”.
Citi and Deutsche Bank acted as co-structuring agents and mandated lead arrangers on the facility, with Citi acting as the administrative agent, account bank and the security trustee.
Milbank 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.