Canyon is Managing Agent for TBOLT III (Thunderbolt II), a US$437 Million Asset Backed Securitization Deal for Air Lease Corporation
October, 2019: Canyon Financial Services Limited, a Vistra Group company (“Canyon”) is pleased to announce that we have been appointed as the Managing Agent for Air Lease Corporation’s (“ALC”) Thunderbolt III Asset Backed Securitisation (“ABS”) of $437 million secured notes to finance the acquisition of a portfolio of aircraft.
The ABS portfolio consists of 19 aircraft, containing a mix of 17 narrowbody and 2 widebody aircraft, currently on lease to 18 lessees spanning 15 countries.
“We are delighted to once again support ALC on TBOLT III, their fourth ABS transaction. Our Aircraft ABS Division collaborated successfully with ALC on TBOLT II last year and we are delighted to assist them again with this financing”.
David Evans, Managing Director, North America, Canyon
Alongside Canyon in our role of Managing Agent for the transaction, Air Lease Corporation and ALC Aircraft Limited are the Servicers; Mizuho Securities, Bank of America Securities and Goldman Sachs are the Joint Lead Structuring Agents and Joint Lead Bookrunners; Citibank are the Trustee and Wells Fargo are providing the Liquidity Facility.