United brings EETC securitization to market
United Airlines was selling the ‘B’ notes of an enhanced equipment trust certificate (EETC) offering to fund the purchase of 18 aircraft early this week, as investor demand for aircraft ABS continued to heat up.
The deal followed on the heels of strong investor demand and favourable conditions for the aviation sector in 2017. EETC offerings are backed by principal and interest payments from a single carrier, and are collateralised by a bankruptcy remote pool of the company’s aircraft.Bookrunners Credit Suisse, Goldman ...
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