Milbank LLP advised High Ridge Aviation Limited in connection with its $603,170,000 fixed rate notes offering. The transaction was structured as an aircraft asset-backed securitization of Phantom 2026-1 Aviation Ltd. and Phantom 2026-1 Aviation LLC.
High Ridge Aviation, supported by PIMCO’s investor platform, provides financing, leasing and asset‑management services for the global commercial aviation sector. Through its work with PIMCO‑advised funds and its subsidiary LR AirFinance, the company participates in the acquisition and management of modern aircraft and other aviation assets for airlines worldwide.
The Milbank deal team was led by Corporate Finance and Securities partner Brett Nadritch and Transportation and Space partners Josh Forman and Jim Pascale, with support from Corporate Finance and Securities associates Mackenzie Martin and Daniel Perez-Kowalski and law clerk Thomas Beres along with Transportation and Space associates Andrew Brooks, Oleg Kozel and Peter Brigham.
