NAC completes largest ever senior unsecured private placement

Nordic Aviation Capital (NAC) has successfully completed its third senior unsecured private placement issuance. The issuance, rated BBB by Kroll Bond Rating Agency, was launched at $250 million and was substantially oversubscribed allowing NAC to source a total of $786.25 million. This is believed to be the largest US private placement by an aircraft leasing company. The new transaction consists of five and seven year tranches, with the proceeds being used to refinance aircraft within our portfolio. They will rank pari passu with all other unsecured indebtedness of the issuer, a wholly-owned subsidiary of NAC. This private placement issuance is