Canyon is Managing Agent for Castlelake Aircraft Structured Trust CLAS 2019-1

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 Castlelake L.P.’s CLAS 2019-1 Asset Backed Securitisation (“ABS”) of $867.6 million secured notes to finance the acquisition of a portfolio of aircraft.

The ABS portfolio will consist of 32 aircraft, containing a mix of 29 narrowbody and 3 widebody aircraft, currently on lease/loan to 14 lessees/obligators located in 13 countries. 

We are delighted to support Castlelake, one of the more active participants in the Aviation ABS market, on this transaction. Our established Aircraft/ABS division has built a long-term relationship with Castlelake over the last five years and looks forward to assisting them with this financing. This deal brings another milestone for Canyon as it is our 10th ABS as Managing Agent.”

David Evans, Managing Director, North America, Canyon

Alongside Canyon in our role of Managing Agent for the transaction, Goldman Sachs is the Sole Structuring Agent and Lead Bookrunner; BNP Paribas Securities, Citigroup Global Markets, and Deutsche Bank Securities are the Joint Lead Bookrunners; UMB Bank, N.A. is the Trustee and Natixis S.A. is the Liquidity Facility Provider.