Westport, Connecticut, November 21, 2023: High Ridge Aviation announces an upsizing of its warehouse facility. The seven-year senior secured warehouse facility originally closed in July 2023; the upsize increases the capacity of the facility and brings Credit Agricole Corporate and Investment Bank as a new banking partner to the credit facility.
“Following the initial close in July, we are excited to announce the upsize and amendment of the High Ridge Aviation warehouse facility and welcome Credit Agricole Corporate and Investment Bank as our newest partner. We are appreciative of our lenders’ support as we continue to execute our growth strategy,” said High Ridge Aviation CEO Greg Conlon. “The increased warehouse facility provides us added capacity and flexibility as we support our airline clients.”
Citi and Deutsche Bank Securities Inc. acted as Co-Structuring Agents and Mandated Lead Arrangers on the facility.
Milbank LLP acted as legal advisor to High Ridge Aviation with Vedder Price acting as legal advisor to the lenders. High Ridge Aviation was also supported in the transaction by A&L Goodbody as Irish legal advisor. Citi is acting as the Administrative Agent, Account Bank and the Security Trustee for the facility.