Vedder Thinking | News Vedder Price Represents Credit Suisse in $725M Warehouse Facility for HKAC
September 10, 2015
Vedder Price recently advised Credit Suisse, agent for the lender group, in structuring a $725 million warehouse facility for Hong Kong Aviation Capital (HKAC). The facility was syndicated to an unusually broad syndicate of global lenders including Credit Suisse AG, Crédit Agricole Corporate and Investment Bank, Royal Bank of Canada, KeyBank National Association, Natixis, Nomura Corporate Funding Americas, LLC, First Gulf Bank PJSC and EverBank Commercial Finance, Inc.
HKAC is expected to use the facility to finance new aircraft deliveries and to refinance existing aircraft. Credit Suisse served as the structuring agent and Credit Suisse, Credit Agricole and RBC Capital Markets served as joint lead arrangers.
"Vedder Price and our Global Transportation Finance team are pleased to have worked with Credit Suisse and the lender syndicate in putting the HKAC warehouse facility in place. Our experienced aircraft finance team is delighted to add the HKAC warehouse to the broad portfolio of aircraft warehouse facilities on which Vedder Price advises," said Jack Bycraft, lead Vedder Price Shareholder on the transaction.