Deutsche Bank and Citibank lead the company’s new portfolio debt facility
Nordic Aviation Capital A/S (NAC), the global leader in turboprop leasing, has announced that it has closed a landmark US$300 million debt facility. The company will use the proceeds to part finance the acquisition of turboprop and regional jet aircraft, which will then be leased to airline partners around the world.
“This is an important transaction for our company,” said Kim Graven-Nielsen, CEO of NAC. “We thank Deutsche Bank and Citibank for providing the capital to fuel our continued growth. NAC has enjoyed 18 consecutive years of net income growth and this facility will help us continue our strategy.”
Søren M. Overgaard, CFO, added: “This facility, which has unique aspects regarding the assets that can be placed in the portfolio, allows NAC the opportunity to better service our growing client base with the right product for their fleets in a timely manner.”
The US$300 million facility was led by Deutsche Bank as sole structuring agent while Deutsche Bank and Citibank served as mandated lead arrangers.
About Nordic Aviation Capital
Founded in Denmark in 1990, NAC is today the world’s largest independently owned aircraft leasing company. NAC focuses on regional aircraft, mainly turboprop, with a fleet of over 200 aircraft and 36 customers worldwide. The company has regional offices in Ireland, UK, Canada and Singapore, which supply aircraft to top tier carriers such as Lufthansa, Air France, US Airways, Garuda, Avianca, Flybe, Azul, Air Berlin and Etihad Regional (Darwin Airline). Nordic Aviation Capital’s current fleet includes ATR 42, ATR 72, Bombardier Dash 8-300/Q400, CRJ 1000, Boeing 737, Airbus A320, and Saab 2000 aircraft.
For additional information, please visit us at www.nac.dk