Vedder Price is pleased to announce that it represented the initial purchasers in connection with a $729 million aviation loan ABS by PK AirFinance, a leading aviation lending platform and affiliate of Apollo (“PKAIR 2025-1”).

PK ALIFT Loan Funding 6 LP (the “Issuer”) issued four classes of notes with $635 million aggregate principal amount and borrowed $94 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 114 senior secured aviation-related loans through the acquisition of 100 percent of a series of limited partnership interests of a loan origination vehicle managed by PK AirFinance.

RBC Capital Markets and Redding Ridge acted as co-structuring agents.

“We were pleased to advise the initial purchasers in this significant transaction that marks a key step in the strategic plans of Apollo, PK AirFinance and the PK ALIFT platform,” said Global Transportation Finance Shareholder Jeff Veber.

PKAIR 2025-1 represents PK’s largest ABS transaction to date and marks the third issuance in the PK ALIFT program, having issued approximately $2 billion of cumulative aviation loan ABS transactions during the past year.

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.