Castlelake to sell equity notes from latest aircraft ABS
Alternative assets investor and aircraft ABS issuer, Castlelake, is offering $60m-$70m of equity certificates from its CLAST 2019-1A transaction issued in April.
Castlelake will retain at least 25% of the 'E' certificates with a two year lock-up, and lock up 10% until the anticipated repayment date.
Castlelake declined to comment on the offering.The debt pieces of 2019-1A, the ‘A’ through ‘C’ tranches, were priced on April 12. The $679.42m ...