SES inks largest engine portfolio financing

Shannon Engine Support (SES) concluded an $875 million engine portfolio financing in a club-deal of eight banks on November 20, 2023. This landmark transaction, which is the largest aircraft engine portfolio financing closed in the market to date, finances a pool of LEAP-1A and LEAP-1B engines, the latest technology engines from CFM, designed to meet the challenges of decarbonising air transport. SES, a 50/50 joint venture between AerCap and Safran, is the largest CFM specialised engine lessor in the world. Credit Agricole-CIB (CA-CIB) acted as global coordinator, security trustee, facility agent. Natixis CIB and CA-CIB acted as bookrunners and mandated