Popular on TelAve
- Natalie Jean Releases Heartfelt Tribute Single "What They Didn't See" Honoring Late Friend and Lyricist Michael Peloso
- European Tech Startup RoarFun discovers a gap in the U.S. market with a branded racing simulator rental at Atlanta's MRO Americas Aviation Convention
- Premium Domain Name "Feedri.com" Now Available for Acquisition After $8,500 Offer
- **Award-Winning Dystopian Book Series Hitting Too Close to Home**
- NBA Legend Jeremy Lin, Benny Luo and Sy Huq Team Up to Executive Produce Powerful New Short Film "Ayo, Check Up!"
- Sequentex Achieves OMNIA Partners Approval, Empowering Public Sector and other Agencies with Streamlined Technology Procurement
- Carnegie Hall Hosts Theatrical Concert: El Dorado – A Musical Portrait of Edgar Allan Poe
- Men's Health Network Urges Memphis Community to Attend 2025 Men's Health Month Summit
- Spiritually Transformative Events Based on Bhagavad Gita – Path to a Fulfilling Life
- $10 Million Plan to Acquire Successful Remote Lottery Platform: Expanding Global Footprint into Live Entertainment: Lottery.com (Stock Symbol: LTRY)
Similar on TelAve
- Patrick Aloni Joins Historic Gold and Copper Discovery in Argentina with Multimillion-Dollar Stake
- United States Congressional Candidate Peter Coe Verbica Unveils 25-Point Federal Plan to Help Make California Affordable Again
- Mauro Schnaidman named as Managing Director in Miami, Florida
- Continued Streak of Recognitions with Multiple Chambers and Partners Rankings
- Robert Michael & Co. Launches New Real Estate Website to Serve Central Florida Homebuyers and Sellers
- Remember Internet Pioneers NetCom Solutions & Network Solutions? Founder Emmit J. McHenry is Now Leading the Emerging Cybersecurity Firm Cycurion
- LIB Continuous Innovation: Custom Rain Test Chambers & IP Labs
- PlayClay.io Launches Streamlined Quoting Platform for Manufacturers' Reps and Distributors
- VNBTC Becomes The Top Crypto Investment Platform As Its Bitcoin Cloud Mining Solution Goes Viral
- Advanced Solar Space Technology; Record Efficiency of 15.7%; Agreement to Provide NOVI Space with Rollable PV Array Blankets for Space Launch in 2026
Phoenix Aviation Capital and AIP Capital Announce Closing of $300m Senior Secured Credit Facility
TelAve News/10865609
~ Phoenix Aviation Capital, a full-service aircraft lessor managed by AIP Capital and a portfolio company of funds advised or controlled by affiliates of BC Partners Advisors L.P., has recently announced the successful closing of a $300 million senior secured credit facility. The facility was arranged by Royal Bank of Canada (RBC), with Citibank and Morgan Stanley acting as Joint Lead Arrangers.
According to Jared Ailstock, Managing Partner at AIP, this facility marks an important milestone in Phoenix's expansion of its lender group and availability of debt capital. He expressed gratitude for the support from the bank group as they continue to execute on Phoenix's growth strategy.
The facility will be used to refinance seven assets currently owned by Phoenix and provide future funding for new asset acquisitions. This move demonstrates the confidence that lenders have in Phoenix and AIP in the aviation bank market.
More on TelAve News
Patrick Schafer, Managing Director at BC Partners and board member of Phoenix, also commented on the closing of the facility. He stated that this achievement showcases the strong support that Phoenix and AIP have in the aviation bank market. The facility will provide Phoenix with additional capacity and flexibility to support their airline customers.
Vedder Price served as transaction counsel and PwC acted as tax advisor to Phoenix and AIP during this process. McCann Fitzgerald also played a role as Irish counsel to both companies. Clifford Chance served as transaction counsel to the lenders involved in this deal.
This successful closing highlights Phoenix's continued growth and success in the aviation industry, thanks to their strong partnerships with AIP and BC Partners. With this new credit facility, they are well-positioned to continue providing top-notch services to their airline customers while expanding their portfolio through new asset acquisitions.
According to Jared Ailstock, Managing Partner at AIP, this facility marks an important milestone in Phoenix's expansion of its lender group and availability of debt capital. He expressed gratitude for the support from the bank group as they continue to execute on Phoenix's growth strategy.
The facility will be used to refinance seven assets currently owned by Phoenix and provide future funding for new asset acquisitions. This move demonstrates the confidence that lenders have in Phoenix and AIP in the aviation bank market.
More on TelAve News
- Innovative EDM Music Project, "Terms of War," Depicts an A.I. Takeover of Earth
- DivX Enhances AVI Playback Resources; Simplifies Guide to Playing AVI Files with DivX Software
- Patrick Aloni Joins Historic Gold and Copper Discovery in Argentina with Multimillion-Dollar Stake
- Edtech Startup Young Commanders Launches 'Visionaries Without Sight' Collection Celebrating Blind and Visually Impaired Historical Figures
- Goldstar Rehabilitation Celebrates 15 Years of Early Intervention Across Southeastern PA
Patrick Schafer, Managing Director at BC Partners and board member of Phoenix, also commented on the closing of the facility. He stated that this achievement showcases the strong support that Phoenix and AIP have in the aviation bank market. The facility will provide Phoenix with additional capacity and flexibility to support their airline customers.
Vedder Price served as transaction counsel and PwC acted as tax advisor to Phoenix and AIP during this process. McCann Fitzgerald also played a role as Irish counsel to both companies. Clifford Chance served as transaction counsel to the lenders involved in this deal.
This successful closing highlights Phoenix's continued growth and success in the aviation industry, thanks to their strong partnerships with AIP and BC Partners. With this new credit facility, they are well-positioned to continue providing top-notch services to their airline customers while expanding their portfolio through new asset acquisitions.
Filed Under: Business
0 Comments
Latest on TelAve News
- Anern Shines at SOLAR AFRICA Kenya with Solar Lithium Battery Storage Technology
- Last Call - Submit Your Proposal for the 2025 OpenSSL Conference in Prague
- Robert Michael & Co. Launches New Real Estate Website to Serve Central Florida Homebuyers and Sellers
- IFFA 2025 Shines Bright as Mukesh Modi Welcomes Rio Rocket and Award Winner Lulu Lopez
- Kemeny, Ramp & Renaud Expands Legal Team with Attorney Baruch Kraut
- WOA Entertainment Group Unveils Independent No.1's: Breakthrough Artists II —A Celebration of Indie Excellence
- SheepFeast Launches "1 Million Discipled" Global Initiative to Empower Disciple-Making Around the World
- Sun City Resident Realtor Launches Exclusive Weekly Market Update for Bluffton's 55+ Communities!
- Delta Capital Group, Inc. Earns A+ Rating from the Better Business Bureau, Marking Another Milestone in Explosive Growth
- Vice President JD Vance & Industry Leaders at Bitcoin Conference After Partnership Signing to Optimize Cybersecurity Solutions: Bullet Blockchain, Inc
- Actress/Comedian Schelle Purcell Sizzles This Summer with Star-Making Turn in Tyler Perry's #1 Netflix Film, Straw, and Upcoming Comedy Special
- Braxus Entertainment Group Acquires All Star Events
- Global Expansion Fueled via Agreement to Take 90% Ownership of Nook Holdings UAE-Based Sports Incubator by Online Lottery & Sports Game Provider
- Remember Internet Pioneers NetCom Solutions & Network Solutions? Founder Emmit J. McHenry is Now Leading the Emerging Cybersecurity Firm Cycurion
- Celebrating Father's Day Weekend with Free Admission for the entire Family, AKC Dog Show, Best in Show and Puppy Event, Product Vendors
- LIB Continuous Innovation: Custom Rain Test Chambers & IP Labs
- csky.ai & DuoKey Launch Secure AI Transcription Solution for Microsoft 365
- PlayClay.io Launches Streamlined Quoting Platform for Manufacturers' Reps and Distributors
- Let's Talk Series: At the Crossroads: Immigration Today
- Cyta Cyprus Selects Axiros' AXESS Platform for Cloud-Native, Data-Driven Device Management