US-based aircraft leasing company Castlelake Aviation has closed a $635 million incremental term loan B facility which it will use to refinance existing debt and for general corporate purposes. The facility has a maturity date of October 2027 and was priced at SOFR plus 2.75% with a SOFR floor of 0.5%, priced at 99.25% representing an 0riginal issue discount of 0.75%. “We are delighted to have successfully closed this incremental term loan B, providing Castlelake Aviation Limited with meaningful flexibility and access to capital to continue growing its portfolio,” said Ronan Kelleher, the lessor’s chief financial officer. “With over three
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