Global Jet Capital completes securitisation, raising $522m

Global Jet Capital has closed its BJETS 2020-1 asset-backed securitisation (ABS), raising approximately $522 million. BJETS 2020-1 is Global Jet Capital’s fourth ABS offering, bringing total assets securitized to over $2.8 billion and bonds issued to over $2.3 billion. The BJETS 2020-1 offering contained three tranches of notes: a $426.4 million Class A tranche, a $63.6 million Class B tranche, and a $31.8 million Class C tranche. Each tranche was oversubscribed and attracted orders from over 30 investors, according to the issuer. Global Jet Capital states that its latest offering, BJETS 2020-1, “builds off the strong performance of the company’s