AWAS closes $360m Senior Secured Term Loan facility

Dublin based aircraft lessor AWAS, has closed a $360m, 6-year Senior Secured Term Loan to help add resources to fund planned growth. The transaction was rated BBB- by S&P and Ba2 by Moody’s.  Proceeds from this Term Loan were used to refinance all nine aircraft funded by AWAS June 2011 $500m Warehouse Facility, arranged by JPMorgan, restoring full capacity for the remaining draw period until December 2013. In addition, the Term Loan will finance four new aircraft that will deliver in the later part of the year.