Hawaiian Airlines closes Japanese Yen financing

Hawaiian Airlines has closed two Japanese yen (JPY)-denominated financings for four Airbus A330 and two A321neo aircraft totalling $227.9 million (¥24.7 billion). The terms of the loans are 12 years and 5.5 years, at fixed instalment coupon rates of 0.76% and 0.65%, respectively, and initially measured and recorded for $89.1 million and $138.7 million, respectively.  Burnham Sterling acted as exclusive financial advisor and placement agent to Hawaiian Airlines on the Japanese Yen-denominated deals.  “Burnham Sterling helped us execute this very innovative financing with a fixed coupon well under 1.0%,” said Shannon Okinaka, Chief Financial Officer at Hawaiian Airlines. “This financing solution has been a win-win for