6th October 2021: Leading Dublin-based aircraft lessor, Goshawk, is pleased to announce the extension and upsize of its unsecured Revolving Credit Facility (RCF) from November 2022 to November 2024 with a syndicate of banks. The current facility of $1.2bn will be increased to $1.4bn with 18 participating lenders, including two new lenders, into the facility.
The RCF is Goshawk’s core liquidity facility and is key to supporting the company’s ongoing business and future growth. The extension demonstrates Goshawk’s continued ability to raise finance as it prepares for the post-Covid recovery of the aviation sector.
Colin Golden, Chief Financial Officer, Goshawk states: “We are delighted with the successful extension of our Revolving Credit Facility and to welcome new lenders to the facility. We are pleased that we continue to have access to liquidity at attractive terms and appreciate the support of our Tier 1 lenders who upsized their participations, which illustrates the confidence that our lenders have in our business model and how well we have navigated through the Covid crisis.”
Citibank acted as Sole Coordinator and Facility Agent for the transaction and O’Melveny & Myers LLP acted as legal counsel to Goshawk.