Vedder Price is pleased to announce that it represented the initial purchasers in connection with an $827 million aviation loan ABS by PK AirFinance, a leading aviation lending platform and affiliate of Apollo (“PKAIR 2025-2”).
PK ALIFT LOAN FUNDING 7 LP issued four classes of notes with $697 million aggregate principal amount and borrowed $130 million pursuant to a secured loan facility. The proceeds of the notes and the loan are being used by the Issuer to acquire the rights to the economics of a portfolio of 107 senior secured aviation-related loans spanning 42 obligors through the acquisition of 100 percent of a series of limited partnership interests of a loan origination vehicle managed by PK AirFinance.
BNP Paribas, Mizuho and Redding Ridge acted as co-structuring agents.
“We were pleased to support the initial purchasers and PK AirFinance in this significant transaction,” said Global Transportation Finance Shareholder Jeffrey Veber. “This deal underscores PK’s disciplined and forward-looking strategy as they continue to expand their platform and advance their long-term growth objectives.”
PKAIR 2025-2 represents PK’s largest ABS transaction to date and marks the fourth issuance in the PK ALIFT program, having issued approximately $2.8 billion of cumulative aviation loan ABS transactions over the past 15 months.
In addition to Mr. Veber, the Vedder Price team was led by Shareholders Kevin MacLeod and Clay Thomas with Associates Jill Musa, Sarah Branch and Ryan Murray.
PK ALIFT LOAN FUNDING 7 LP issued four classes of notes with $697 million aggregate principal amount and borrowed $130 million pursuant to a secured loan facility. The proceeds of the notes and the loan are being used by the Issuer to acquire the rights to the economics of a portfolio of 107 senior secured aviation-related loans spanning 42 obligors through the acquisition of 100 percent of a series of limited partnership interests of a loan origination vehicle managed by PK AirFinance.
BNP Paribas, Mizuho and Redding Ridge acted as co-structuring agents.
“We were pleased to support the initial purchasers and PK AirFinance in this significant transaction,” said Global Transportation Finance Shareholder Jeffrey Veber. “This deal underscores PK’s disciplined and forward-looking strategy as they continue to expand their platform and advance their long-term growth objectives.”
PKAIR 2025-2 represents PK’s largest ABS transaction to date and marks the fourth issuance in the PK ALIFT program, having issued approximately $2.8 billion of cumulative aviation loan ABS transactions over the past 15 months.
In addition to Mr. Veber, the Vedder Price team was led by Shareholders Kevin MacLeod and Clay Thomas with Associates Jill Musa, Sarah Branch and Ryan Murray.