Sculptor closes second ABS: SOLRR 2021-1

Sculptor Capital Management has closed its second asset-backed securitisation (ABS) transaction, the three-tranched $706.5 million SOLRR Aircraft 2021-1, which is secured on a portfolio of 22 narrowbody aircraft leased to 10 airlines in eight countries. Stratos is the servicer, with Altavair named as the sub-servicer for five Delta Air Lines aircraft included in the portfolio. The equity was provided by a fund managed by Sculptor Capital Management, Sculpor Capital LP. SOLRR 2021-1 comprises: $550.4million A notes, rated A by Moody’s, which have a 78.6% loan-to-value ratio (LTV); $90.4 million Baa2-rated B notes with a 12.9% LTV; and $65.7 million Ba3-rated