Nordic Aviation Capital taps capital market

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

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.