Castlelake captalises on investor demand to add a C tranche to its recent ABS

Moody’s Investors Service (Moody’s) has assigned a provisional rating to the class C notes to be issued by Castlelake Aircraft Structured Trust 2021-1 (CLAS 2021-1) (see here for the initial issuance of A and B notes under CLAS 2021-1). CLAS 2021-1 plans to issue to class C notes on 10 February, and previously issued class A and B notes on 28 January. CLAS 2021-1 used the proceeds from the issuance of the CLAS 2021-1 class A and B notes to acquire the series A and B AOE notes, and will use the proceeds from the issuance of the CLAS 2021-1