Nordic Aviation Capital (“NAC”) and PFA have entered into a financing agreement of a USD 470 million loan to further strengthen NAC’s funding profile and capital base. The new financing forms part of NAC’s strategy to raise longer term financing to further strengthen the financial profile and support the future growth of the company, while at the same time coinciding with PFA’s strategy to invest in well- performing companies with strong partners.
“This is another significant transaction for NAC. Having been able to attract PFA as a single lender reinforces the increased public knowledge of, not only the regional aviation market, but more particularly NAC,” says Steve Gorman, Chief Funding Officer, NAC.
“We are very pleased with this landmark transaction, and we have no doubt it will support NAC’s business model as we continue to grow our customer base,” says CEO Søren M. Overgaard, NAC.
“NAC has experienced solid growth over a number of years and holds a strong market position. NAC is owned by professional and strong partners, which creates a solid foundation for a company which has become the global market leader in an attractive niche segment within aircraft leasing. Therefore, this is a very interesting investment where we can provide financing for the company to continue its positive development and where PFA’s customers can look forward to a solid long-term and risk- adjusted return," says Henrik Nøhr Poulsen, Chief Investment Officer responsible for equities and alternatives, PFA.