AWAS Aviation talks $360 million term at Libor plus 450-475 bps

By Sara Rosenberg

New York, June 14 - AWAS Aviation Capital Ltd. launched its $360 million six-year term loan on Thursday morning with price talk of Libor plus 450 basis points to 475 bps with a 1.25% Libor floor and an original issue discount of 981/2, according to a market source.

There is 101 soft call protection for one year, the source said.

Commitments are due on June 26.

Goldman Sachs & Co., RBC Capital Markets LLC and Morgan Stanley Senior Funding Inc. are the lead banks on the deal.

Proceeds will be used to fund a portfolio of aircraft.

AWAS is a Dublin-based aircraft leasing company.

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