CALC issues RFP to MLAs for $400 million five-year unsecured revolver

China Aircraft Leasing Group (CALC) has launched a US$400 million five-year unsecured syndicated aircraft finance revolving facility through its wholly-owned subsidiary, CALC Capital 1 Limited. The proceeds will be used to finance part of the acquisition cost of the aircraft portfolio owned or to be acquired. CALC is currently inviting mandated lead arrangers (MLAs) to coordinate the facility.Similar to the increasingly popular asset-backed securitizations (ABS), the facility is earmarked for a portfolio of aircraft on lease to well-diversified global airlines, yet offers extra protection to the lenders by adding CALC, together with the owners of the aircraft to be financed