Vermillion Aviation Holdings, the joint venture between CK Asset Holdings and MC Aviation Partners, has refinanced a $950 million secured finance facility covering 41 Boeing and Airbus aircraft.
Credit Agricole and Natixis acted as joint debt co-ordinators for the facility, which was syndicated to 10 banks.
BNP Paribas, HSBC, Citibank, DBS, ING Bank, National Australia Bank, MUFG Bank and Societe Generale acted as mandated lead arrangers.
BNP and HSBC are also acting as hedge counterparties.
White & Case represented Vermillion and Clifford Chance represented the Mandated Lead Arrangers.
The specific aircraft involved in the refinancing were not identigified by MCAP, however Flight Fleets Analyzer shows that Vermillion and its special purpose vehicles own 32 Airbus A320 family jets, two A330-300s, 13 Boeing 737-800s and one 777-300ER.
Source: Cirium Dashboard