~ 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

• 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.

---

Show All News | Report Violation