Goshawk Aviation Limited (“Goshawk”) has completed its second unsecured Schuldschein issuance following its debut issuance in November 2016. Goshawk is the only aircraft leasing company to access the Schuldschein market to date, underlining Goshawk’s reputation as an innovator in the aircraft leasing space.
The issuance has allowed Goshawk to further diversify its funding base following on from the $566.5m US Private Placement in August 2017.
Launched at USD75 million, the issue was oversubscribed and was increased to USD100 million to meet investor demand. The issuance was entirely in the 5-year tranche and proceeds will be used for general corporate purposes. The issue was arranged by Commerzbank and BNP Paribas.
Stephen Murphy, Head of Corporate Finance at Goshawk, commented “We are delighted to have again successfully accessed the Schuldschein market, adding a number of new lenders and further diversifying our unsecured funding sources.”
Goshawk has a committed and managed fleet of 114 aircraft on lease to 41 airlines in 29 countries, bringing the total fleet value to $5.5bn.