Aquila Air Capital announced the closing of a $400 million refinancing and upsizing of its warehouse facility with ATLAS SP Partners.
Aquila is a Dublin-based aviation lessor backed by funds managed by Wafra. ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds, is serving as structuring agent and lead lender for the expanded facility.
The debt financing is expected to support the continued growth of Aquila’s leasing business. With the larger facility, Aquila said it is positioned to expand its diversified engine portfolio and pursue new market opportunities.
The company also plans to evaluate opportunities involving commercial aircraft powered by its target engine types.
Aquila currently has more than 130 assets and 25 lease customers worldwide. Its portfolio includes widebody and narrowbody commercial aircraft and engines.
The company said it maintains a high-quality customer base with strong credits. By focusing on in-demand aviation asset types, Aquila plans to continue pursuing near-term leasing, trading, and remarketing opportunities.
Founded in 2021, Aquila Air Capital is a specialty finance platform focused on aviation asset financing, along with purchasing and leasing aircraft and engines.
ATLAS SP Partners provides capital, financing, advisory, and institutional products to market participants seeking structured credit and asset-backed solutions.
KEY QUOTE:
“We are honored to materially upsize our current loan facility to accelerate our growth trajectory with our trusted partners at ATLAS. The additional capacity, flexible structure, and competitive pricing highlight our lender’s confidence in our current portfolio and the future of our platform.”
Gary Lew, Chief Financial Officer of Aquila Air Capital
