US$ 585 Million Asset Backed Securitization Deal
Canyon CTS is pleased to announce that Canyon Financial Services Limited (“Canyon”) has been appointed as Managing Agent Sprite 2017 – 1 US$ 585 million Asset Backed Securitization (ABS) of a portfolio of 21 aircraft by World Star Aviation
transaction was backed by a joint venture between World Star Aviation and Oaktree Capital Management. The aircraft will initially be lease to 15 located in 12 countries. The transaction was rated by Standard & Poor’s Financial Services and by Kroll Bond Rating Agency.
Alongside Canyon in our role of Managing Agent for the transaction, World Star Aviation is the Servicer, Mizuho Securities is the Global Coordinator, Lead Structuring Agent and Lead Bookrunner, Morgan Stanley is the Co-Structuring Agent and Joint Bookrunner, Wells Fargo Bank is the Trustee and DVB Bank SE is providing the Liquidity Facility.