![Milbank LLP [Nick Swinburne]](https://www.milbank.com/a/web/gn4uzCEwDswxJruTgsAPtU/9oorZE/swinburne-nick-lon-web.jpg "Milbank LLP [Nick Swinburne]")
Milbank LLP represented the finance parties in connection with a $870 million senior debt facility arranged by Investec Bank plc to finance the acquisition of a portfolio of 11 widebody aircraft leased to Emirates, Etihad, Singapore Airlines and a Tier 1 Middle Eastern carrier. The purchaser is a fund advised by BC Partners Credit, the private credit arm of BC Partners, and is serviced by FPG Amentum.
The facility is secured against a portfolio of Boeing and Airbus widebody aircraft.
The transaction required a tailored financing approach to account for multiple aircraft types, different lease tenors and multi-currency rental streams. The senior secured structure provides the fund with lease-aligned financing across the portfolio and supports FPG Amentum's management of the aircraft on behalf of the fund through the life of the leases.
Milbank's work on the transaction reflects its leading role in the aviation finance and structured debt markets and its cross-office, multi-practice capabilities in complex asset finance and lease transactions.
The Milbank team was led by Transportation and Space partner Nick Swinburne, special counsel Andrew McAdam and associate Ruairidh Gilchrist.
