Following the success of two previous secured deals featuring a portfolio of business jets, Global Jet Capital has launched Business Jet Securities 2019-1 asset backed securitisation (ABS). Business Jet Securities 2019-1 issues $517.1 million of debt in three tranches of notes: $417.4 million A notes, rated A- by Kroll Bond Rating Agency (KBRA), with an initial LTV of 67%; $62.3 million B notes, rated NR, with an LTV of 77%; and $37.4 million C notes, rated NR with an LTV of 83%. All of the notes have a repayment date of July 15, 2026, with a legal final maturity date
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