TrueNoord has closed a new revolving warehouse finance facility of US$400 million which will be seeded with 17 aircraft already owned by TrueNoord and can be extended further by an accordion feature. The facility will be used by the specialist regional aircraft lessor to finance business development and expand its portfolio of 50-150 seat aircraft which includes jets and turboprops from Embraer, ATR, Airbus, MHI-RJ, and De Havilland Canada. The new facility is provided by Citibank, Société Générale Corporate & Investment Banking, Royal Bank of Canada, and NordLB. It will be used to fund new acquisitions and supports TrueNoord’s targeted
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