Seraph Aviation Management has announced the issuance of $726 million of fixed rate notes by Raptor Aircraft Finance I Limited and Raptor Aircraft Finance I LLC. Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to three series of notes comprised of $553 million Series A notes with an initial LTV of 63.9% rated A, $116.5 million Series B notes with an initial LTV of 77.4% rated BBB- and $56.5 million Series C notes with an initial LTV of 83.9% rated BB-. Proceeds from the issuance of the notes will be used to acquire a portfolio of 19 aircraft. Including

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