Conyers Dill & Pearman advises Castlelake on $515.6m aircraft securitisation
Conyers Dill & Pearman has provided Bermuda law advice to Castlelake, an institutional alternative investment firm specialising in aircraft, in connection with its $515.6m (£310m) aircraft securitisation, Castlelake Aircraft Securitization Trust 2014–1.
The proceeds from the deal will be used to purchase a fleet of 79 aircraft and associated aircraft-owning entities that are initially leased to 26 lessees located in 17 countries. Castlelake will remain as the servicer on the deal.
Goldman Sachs acted as the sole lead arranger on the deal, while Wells Fargo acted as the facility agent and security trustee.
Jason Piney, Victor Richards and Jacqueline King of Conyers advised on this matter, working alongside Vedder Price PC.
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