Castlelake Aviation Limited Closes Term Loan B

Castlelake Aviation Limited ("CA Ltd."), a corporate lessor of commercial aircraft focused on financing a portfolio of modern, young, fuel-efficient aircraft, today announced the closing of a $635 million incremental Term Loan B facility. The proceeds of the facility will be used to refinance existing debt and for general corporate purposes.

The facility, which has a maturity date of October 2027, was priced at SOFR plus 2.75% with a SOFR floor of 0.50%, priced at 99.25% representing an Original Issue Discount (OID) of 0.75%.

"We are delighted to have successfully closed this incremental Term Loan B, providing Castlelake Aviation Limited with meaningful flexibility and access to capital to continue growing its portfolio," said Ronan Kelleher, Chief Financial Officer for Aviation at Castlelake. "With over $3 billion of total financing and demonstrated access to the capital markets, high yield and term loan B market, we believe Castlelake Aviation Limited is well positioned to continue on a path to achieving our goal of investment grade status."

"We appreciate the support from our investor base on this offering, which we believe reflects the quality of Castlelake Aviation Limited's portfolio and the market's confidence in the outlook for our business," Kelleher added.

CA Ltd.'s portfolio is composed primarily of next generation, narrowbody aircraft on long- term leases to leading international airlines. CA Ltd. was established in 2021 to provide bespoke financing solutions to aircraft asset buyers. It directly benefits from the experience and expertise of Castlelake, L.P., a global alternative investment firm that has invested more than $17 billion in aviation opportunities across global economic cycles.