Nordic Aviation Capital (NAC) closed a five-year $382 million non-recourse term loan facility. The facility will be used to refinance a portfolio of 21 aircraft.
The term loan, which consists of a mix of narrowbody and turboprop aircraft, will free up $650 million of capacity in its warehouse facility to fund volume targets into 2025.
""We look forward to the new opportunities this partnership will bring as we continue to execute on our growth strategy, expanding our portfolio of larger narrowbody aircraft while maintaining our position as a global leader in regional aircraft leasing,"" said NAC EVP & group treasurer.
Wells Fargo is acting as structuring agent on the $382 million term loan deal which also includes participation by existing lenders RBC and Wells Fargo along with new lending partner, KeyBank.
Nordic Aviation Capital closes $382 million term loan
