Citi, Deutsche Bank Arrange $500MM Warehouse Facility for High Ridge Aviation
JULY 17, 2023
Westport, Connecticut, July 17, 2023: High Ridge Aviation – the strategic commercial aviation finance platform – is taking aviation finance to new heights, announcing a seven-year senior secured warehouse facility with an initial committed amount of $500 million.
Citi and Deutsche Bank Securities Inc. acted as Co-Structuring Agents and Mandated Lead Arrangers on the facility.
We are extremely pleased to have worked with both Citi and Deutsche Bank to successfully establish this facility which furthers our ability to execute our strategic growth plans,” said High Ridge Aviation CEO Greg Conlon. “The involvement of two preeminent aviation lenders on the half-billion-dollar facility demonstrates the confidence the market has in High Ridge Aviation.”
High Ridge Aviation brings competitive financing and liquidity solutions to commercial aviation clients around the globe with financing products and services that include operating leases, sale/leasebacks, secured debt financing, engine leasing and aircraft trading, as well as asset management and servicing to investors.
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.
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