Element Financial has closed its US$1.21bn debt offering of ECAF I Ltd., Series 2015-1 Notes. The Company acted as structurer in the formation of ECAF I Ltd. and sourced the third-party institutional equity co-investors in this new asset backed securities (ABS) issuer. The Company will also act as the ongoing Administrator to ECAF I Ltd. and has retained BBAM Aviation Services Limited, an affiliate of BBAM Limited Partnership, to act as the servicer with respect to the portfolio under the terms of a multi-year contract. “ECAF I is the largest pooled-aircraft ABS transaction in nearly a decade,” said David McKerroll,

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