Vmo Aircraft Leasing has increased and extended its warehouse credit facility to $1.225bn.
Banks including BNP Paribas, Goldman Sachs, KeyBank and Societe Generale have been added to the extended facility, which originally closed in November 2021 with a committed amount of $600 million, Vmo announced.
“We are delighted to announce the upsize, extension and amendment of the Vmo warehouse facility and to welcome four leading aviation financing institutions to the Vmo warehouse bank group. We are grateful for the support from our banks as we continue to execute upon our growth strategy,” said Meghan O'Connor, senior vice president and head of capital markets at Vmo.
“The amended and expanded warehouse facility will provide us with additional capacity and flexibility to support our airline customers," O'Connor added.
“Closing an upsize of $625 million via a combination of new lenders and existing banks demonstrates the support Vmo has in the aviation bank market,” said Yevgeniya Levitin, Natixis CIB’s head of aviation, Americas.
"Natixis CIB led the upsize. Milbank acted as legal advisor to Vmo, Maples and Calder acted as Irish legal advisor to Vmo, Vedder Price acted as legal advisor for the lenders, UMB is the administrative agent and the security trustee," Vmo explained.