Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
08.20.24
Pillsbury advised Azorra Aviation Holdings in the negotiation and closing of a $988 million revolving credit and term debt financing facility. Azorra is a relationship-driven aircraft lessor that provides leasing, financing, fleet transition and asset management solutions to aircraft investors, financiers and airline operators worldwide.
Citi led the financing as global coordinator and BNP Paribas, Fifth Third, Natixis and Société Générale acted as joint lead arrangers. Additionally, Airbus Bank, Bayern LB, Bank of America, Deutsche Bank, MUFG, PNC and RBC participated as co-arrangers.
According to a press release, the facility will allow Azorra to continue its growth trajectory, enabling the company to finance the expansion of its aircraft leasing portfolio and acquire additional aircraft.
To learn more about the transaction, click here.
The Pillsbury deal team was led by Finance partners Mark Lessard and Pat Reisinger and included International Trade partner Matthew Rabinowitz, Tax partner Harsha Reddy, Finance counsel Issac Lee, senior associate Daniel Welch and associates Nika Yeo and Matt Reznick.