Canyon is Managing Agent for GE Capital Aviation Services STARR II ABS
April, 2019: Canyon Financial Services Limited, a Vistra Group company (“Canyon”) is pleased to announce that we have been appointed as the Managing Agent for GE Capital Aviation Services STARR II Asset Backed Securitisation (“ABS”) of $474 million secured notes to finance the acquisition of a portfolio of aircraft.
The ABS portfolio consists of 20 aircraft, all of which are narrow-body aircraft, currently on lease to 13 lessees located in 11 countries.
“We are delighted to support GE Capital Aviation Services (GECAS) on this transaction. 2019 has commenced with a lot of aviation ABS activity and our Aircraft ABS division is now well established in the marketplace. GECAS’s decision to appoint Canyon is testament to our record of service delivery and competency.”
David Evans, Managing Director, North America, Canyon
Alongside Canyon in our role of Managing Agent for the transaction, Deutsche Bank Securities is the Lead Structuring Agent and Lead Bookrunner; Citibank, N.A. is the Security Trustee, Operating Bank and Trustee; Crédit Agricole Corporate and Investment Bank is the Liquidity Facility Provider; and Crédit Agricole Corporate and Investment Bank and Natixis S.A. provide the Standby LCs.