AWAS closed PDP facility

Eleanor Steed
By Eleanor Steed July 12, 2017 09:52

AWAS closed PDP facility

Stellwagen Finance has closed a Pre-Delivery Payment (PDP) financing facility for AWAS relating to five Boeing 737 Max 8 aircraft expected to be delivered to the lessor via a purchase leaseback transaction with one of its airline customers. Stellwagen Finance was the sole arranger sourcing funds from institutional investors for the facility. Stellwagen Finance says the deal reinforces its “leadership in PDP financing and ability to find new sources of capital having financed $1.2BN of PDPs for lessors and airlines to date”.

“Over the last few years, Stellwagen has arranged a number of innovative non-bank financing solutions for AWAS and this new PDP deal is another great example of how they are able to provide customised structures that support AWAS’s goal to have a diversified financing strategy,” said Simon Glass, AWAS CFO.

“AWAS’s innovative proposition provided one of its valued airline customers with a highly compelling solution to both its near and longer term financing requirements. We were delighted to be able to support AWAS in executing on its ambitious strategy and look forward to continuing our long-standing relationship,” commented Marc Bourgade, CEO of Stellwagen Finance.

Eleanor Steed
By Eleanor Steed July 12, 2017 09:52