Operating lessor Nordic Aviation Capital has raised funding from the capital markets to finance its aircraft deliveries.
The privately owned Danish lessor says it tapped the market for $230 million with a five-year maturity.
The facility is unsecured.
The transaction marks the first time NAC secures a loan facility from the capital markets. "We have more than $1 billion worth of deliveries scheduled and we needed to bridge the gap between the senior debt and the price of the acquisition," says Nordic.