Canyon is Managing Agent for MACH 1, a US$477 Million Asset Backed Securitization Deal for Aviation Capital Group
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 Aviation Capital Group LLC’s MACH 1 Asset Backed Securitization (“ABS”) of $477 million secured notes to finance the acquisition of a portfolio of aircraft.
The ABS portfolio will consist of 24 aircraft, all of which are narrowbody aircraft, currently on lease to 19 lessees spanning 15 countries.
“This deal marks another milestone for Canyon as it is a repeat ABS from our very first Managing Agent appointment on Merlin Aviation Holdings DAC (Merlin) back in 2016. This is a further endorsement of our Aircraft ABS division’s standard of service delivery”.
David Evans, Managing Director, North America, Canyon
Alongside Canyon in our role of Managing Agent for the transaction, ACG Aircraft Leasing Ireland Limited are the Servicer; Mizuho Securities are the Sole Structuring Agent; BNP Paribas, Citigroup and Deutsche bank Securities are the Joint Bookrunners; UMB Bank are the Trustee and BNP Paribas are providing the Liquidity Facility.