PK AirFinance Arranges and Funds Scaled Portfolio Facility for CALC’s Sidecar Platform (CAG)

GlobeNewswire11-11

NEW YORK, Nov. 11, 2024 (GLOBE NEWSWIRE) -- PK AirFinance (“PK”), a leading aviation lending platform and affiliate of Apollo (NYSE: APO), today announced the arrangement and funding of a $550 million...

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The portfolio is secured by 21 narrowbody and 2 widebody aircraft. The collateral pool is diversified among 15 different airline operators located across the globe. PK is acting as sole lender, admin agent and security trustee on the secured loan facility.Gary Rothschild, CEO of PK AirFinance, commented, “PK is pleased to support CALC on this important transaction, which we believe demonstrates PK’s ability to structure and deliver scaled, fully underwritten financing solutions with speed of execution as the sole lender. We continue to see increasing demand for these type of bespoke, large-scale financing solutions, which we can tailor to customers’ specific needs and serve as a more flexible alternative to public markets.”","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4218":"酒店及度假村房地产信托","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","BK4184":"其它综合性金融服务","BK4212":"包装食品与肉类","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4585":"ETF&股票定投概念","BK4007":"制药","CALC":"CALCIMEDICA","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU0106831901.USD":"贝莱德世界金融基金A2","BK4524":"宅经济概念","PK":"Park Hotels & Resorts Inc.","BK4588":"碎股","BK4181":"酒店及度假村房地产投资信托","APO":"阿波罗全球管理","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","GRO":"Brazil Potash Corp.","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4135":"资产管理与托管银行","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","CAG":"康尼格拉"},"translate_title":"PK AirFinance为中飞租赁的Sidecar平台(CAG)安排并资助规模化投资组合融资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GRO":1,"PK":1,"CALC":1,"CAG":1,"APO":0.9},"content_text":"NEW YORK, Nov. 11, 2024 (GLOBE NEWSWIRE) -- PK AirFinance (“PK”), a leading aviation lending platform and affiliate of Apollo (NYSE: APO), today announced the arrangement and funding of a $550 million loan facility with China Aircraft Leasing Group (“CALC”)’s sidecar platform – China Aircraft Global (“CAG”). The portfolio is secured by 21 narrowbody and 2 widebody aircraft. The collateral pool is diversified among 15 different airline operators located across the globe. PK is acting as sole lender, admin agent and security trustee on the secured loan facility.\nGary Rothschild, CEO of PK AirFinance, commented, “PK is pleased to support CALC on this important transaction, which we believe demonstrates PK’s ability to structure and deliver scaled, fully underwritten financing solutions with speed of execution as the sole lender. We continue to see increasing demand for these type of bespoke, large-scale financing solutions, which we can tailor to customers’ specific needs and serve as a more flexible alternative to public markets.”\nMr. Conrad Li, Executive Director, Chief Financial Officer and Chief Strategy Officer of CALC, said, “CALC as the General Partner and Servicer of CAG, is thrilled to partner with PK AirFinance on this significant transaction to finance a portfolio of mid-life aircraft on a non-recourse basis. The PK team has demonstrated their professionalism in completing this transaction in a short timeframe with a customized, structured facility. This collaboration also underscores CALC’s commitment to deliver flexible and comprehensive financing solutions that meet the evolving needs of our investor partners and airline customers, while demonstrating our ability to support CALC’s expansion by meeting institutional investors’ strong demand for quality aircraft leasing assets with stable and long-term cash flow.”\nEelco van de Stadt, President of PK AirFinance, added, “We want to thank the CALC team for this opportunity and look forward to building on this transaction with them as we seek to continue supporting the broader aviation community with partnership-oriented capital solutions.”\nAbout PK AirFinance\nPK AirFinance is a premier specialized aircraft and aircraft engine lending business with deep expertise in the aviation finance sector. Its comprehensive origination, underwriting, structuring and syndication capabilities are delivered by a team of experienced professionals, whose extensive experience in varied products and geographies was built over several decades and industry cycles. To learn more, please visit https://www.apollopkairfinance.com/.\nContacts\nNoah GunnGlobal Head of Investor Relations212-822-0540IR@apollo.com\nJoanna RoseGlobal Head of Corporate Communications212-822-0491Communications@apollo.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482821781"}