NAC increases debt facility to $400 million

Nordic Aviation Capital (NAC), the turboprop lessor, has increased the debt facility it signed in January 2015 to $400 million. The company will use the proceeds to part finance the acquisition of further turboprop and regional jet aircraft. “This is an important transaction for our company,” said Kim Graven-Nielsen, CEO of NAC. “We thank the participating banks for providing the capital to fuel our continued growth. NAC has had 18 consecutive years of net income growth and this facility will help us continue our strategy.” Søren M. Overgaard, CFO, said: “This facility, which has unique aspects regarding the assets that