JSA closes $435m term loan

Jackson Square Aviation (JSA) has closed a $435 million secured term loan, which provides the company with committed long-term debt capacity for eleven next-generation aircraft. Financing for the facility was provided by DVB Bank SE, Norddeutsche Landesbank, and Citibank. “This is something of a landmark deal for our company,” commented Scott Weiss, JSA’s Chief Operating Officer and EVP, Capital Markets. “It’s the largest facility we have executed to date and the first to mix widebody and narrowbody aircraft. Our lender group certainly worked hard to execute for us in a turbulent financing environment.”