TrueNoord closes five-year term loan for $275 million

Aircraft lessor TrueNoord has closed a new five-year term loan of $275 million to expand its aircraft assets. The cash will also help “finance a well-diversified portfolio of 31 owned regional jet and turboprop aircraft currently on lease to 13 different airline customers based in 11 countries”, TrueNoord said, adding that the loan”will facilitate further business development” and help with a”targeted growth strategy which is endorsed by cornerstone investors: Freshstream, BlackRock, abrdn and others”. “With the successful closing of this secured long-term financing TrueNoord has been able to further increase its group of relationship banks supporting the continued growth of