Apollo prepares fourth ABS issuance – AASET 2017-1

Apollo Aviation is preparing to issue its fourth asset backed securitisation issuance. Apollo Aviation Securitization Equity Trust 2017-1 (AASET 2017-2), which was structured by Goldman Sachs, acting as the global structuring agent, global coordinator and the lead left bookrunner, follows the same single waterfall structure as AASET 2016-2 but this deal has been issued in bond format. The $612.2million three-tranched deal comprises: $479.456 million of A notes, rated A by Kroll Bond Rating Agency, with an initial loan-to-value ratio of 65%; $88.515 million of BBB-rated B notes, with an LTV of 77%; and $44.257 million of BB-rated C notes. The