Nordic Aviation Capital finds $858m fortune in US private placements
Danish aircraft lessor Nordic Aviation Capital has sold $858m in US private placements, according to market sources, which is the largest PP issue by an aircraft lessor in the history of the market. UK-based energy yieldco Atlantica Yield has also issued US private placements.
Citi, Crédit Agricole and Goldman Sachs arranged the deal for Nordic Aviation Capital — which has a BBB rating for senior unsecured debt from Kroll — with three, five and seven year tranches. The initial target size was $250m but that grew to $858m on