Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes (the “Notes”) issued by AASET 2019-2 Trust (“AASET 2019‑2”).
This transaction represents the ninth securitization for Carlyle Aviation Holdings Limited (Carlyle or the “Company”). Carlyle was founded in 2002 with a focus on mid-life and end‑of‑life commercial aircraft and engines.
Proceeds from the sale of the Notes will be used to acquire 29 aircraft (the “Portfolio”) on lease to 17 lessees located in 14 countries. As of September 30, 2019, the initial weighted average age of the Portfolio is approximately 11.9 years with a weighted average remaining lease term of approximately 3.0 years.