Canyon is Managing Agent for Avolon SAPA II (Sapphire Aviation Finance II Limited) ABS
February, 2020: Canyon Financial Services Limited, a Vistra Group company (“Canyon”) is pleased to announce that we have been appointed as the Managing Agent for Avolon’s SAPA II Asset Backed Securitisation (“ABS”) of $620 million secured notes to finance the acquisition of a portfolio of aircraft.
The ABS portfolio consists of 21 aircraft, 18 of which are narrow-body aircraft and 3 are widebody aircraft, currently on lease to 19 lessees located in 18 countries.
“We are pleased to support Sapphire Aviation Finance on this transaction, Avolon’s second ABS following on from SAPA I in 2018. Sapphire’s decision to appoint Canyon to the role of Managing Agent is further validation of our credentials in this role.” – David Evans, Managing Director, North America, Canyon
Alongside Canyon in our role of Managing Agent for the transaction, Mizuho Securities and Deutsche Bank Securities are the Joint Lead Structuring Agents; Crédit Agricole Securities and MUFG Securities are the Joint Lead Bookrunners; UMB Bank is the Trustee and Crédit Agricole Corporate and Investment Bank is the Liquidity Facility Provider.