Vmo Aircraft Leasing (“Vmo”), a global full-service aircraft lessor, announced the closing of a five-year senior secured warehouse facility with an initial committed amount of $600 million.
Credit Suisse Securities (USA) LLC and Natixis Corporate and Investment Bank acted as co-structuring agents and joint lead arrangers. The initial syndicate of lenders also includes Wells Fargo Bank, MUFG, and Credit Agricole.
“We are very pleased to have received sizable commitments from a diverse group of leading aviation lenders in our inaugural transaction,” commented Meghan O'Connor, Vmo’s Senior Vice President and Head of Capital Markets. “This warehouse facility provides us with the capacity and flexibility to support airline customers as we execute on our rapid growth strategy to become a leader in the aircraft leasing sector.”
Milbank acted as legal advisor, A&L Goodbody as Irish legal advisor, and E&Y as Irish tax advisor to Vmo. Vedder Price acted as legal advisor to the lenders. UMB Bank is the administrative agent and the security trustee.