Capital Lease Aviation gets $100 million revolver

By Sara Rosenberg

New York, Oct. 8 - Capital Lease Aviation Plc closed on a new $100 million senior secured revolving warehouse facility, according to a news release.

The facility can be increased by $50 million subject to a syndicated book build.

Pricing on the revolver is Libor plus 225 basis points.

The revolver allows drawings and re-drawings over a two-year period with a three-year term out.

Proceeds will be used to partially fund the purchase price of new generation Airbus A330-200/300, Airbus A320 family and Boeing 737 NG leased aircraft. Drawings may be made up to 80% of the value of individual aircraft, with the balance being funded by the company

Security is a registered mortgage over each aircraft purchased using the facility.

Capital Lease is a Singapore-based aircraft leasing company.

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