TrueNoord adds $360 million financing facility

Regional aircraft lessor TrueNoord has closed a new revolving warehouse finance facility of $360 million with an uncommitted $150 million accordion feature. The funds will be used finance business development and expand its portfolio of 50-150 seat aircraft which includes regional jets and turboprops from Embraer, ATR and deHavilland Canada. The new facility is underwritten by Citibank, Société Générale Corporate & Investment Banking and Royal Bank of Canada – and it supports TrueNoord’s targeted growth strategy which is endorsed by its cornerstone investors Bregal Freshstream, BlackRock and Aberdeen Standard. Citibank will act as agent and security trustee under the facility. Legal advisers