Global Jet Capital Completes Securitisation Raising $517 Million

Global Jet Capital has closed its BJETS 2019-1 securitisation, raising approximately $517 million.  BJETS 2019-1 is Global Jet Capital’s third ABS offering, bringing total assets securitised to over $2.1 billion. The BJETS 2019-1 offering, which was launched earlier this month, contained three tranches of notes: a $417.4 million Class A tranche; a $62.3 million Class B tranche; and a $37.4 million Class C tranche. Each tranche was oversubscribed and attracted orders from a wide variety of investors. Citigroup was the lead structuring agent and lead bookrunner for the transaction. Bank of America Merrill Lynch, Deutsche Bank Securities, Morgan Stanley, Carlyle