Carlyle Aviation Partners has announced the closure of its fifteenth aircraft portfolio transaction, AASET 2024-1 Trust. The trust issued $428 million in Secured Notes to purchase a portfolio of twelve aircraft, comprising ten narrowbody and two widebody models. This marks the first commercial aircraft asset-backed securitization (ABS) issuance in two years.
"We are pleased with the outcome of this transaction, which marks Carlyle Aviation Partners’ tenth year accessing the ABS markets and signals the re-opening of the aircraft ABS market after two years of inactivity," said William Hoffman, Chairman and Co-Founder of Carlyle Aviation Partners.
Javier Meireles, Chief Financial and Operating Officer of Carlyle Aviation, added, "We believe our strong brand and track record in the space contributed to the transaction’s success."
Goldman Sachs served as sole structuring agent, global coordinator, and joint lead bookrunner for this transaction. Milbank LLP acted as issuer counsel while Phoenix American was appointed managing agent.
The Secured Notes issued by AASET 2024-1 have not been registered under the United States Securities Act of 1933. They were offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States to non-U.S. persons according to Regulation S under the Securities Act. These notes may not be sold in the U.S. without registration or an applicable exemption from registration requirements.
Carlyle Aviation Partners is part of Carlyle's Global Credit business, managing $186 billion in assets as of March 31, 2024. The firm leverages its technical knowledge and industry expertise across multiple strategies within aviation investment management.
Carlyle is a global investment firm listed on NASDAQ under CG. It manages $425 billion in assets across three segments: Global Private Equity, Global Credit, and Global Investment Solutions. The company employs over 2,200 people across 28 offices worldwide.
For further information about Carlyle Aviation Partners or Carlyle Group:
Investors:
Danielle Calleja
786-476-2394
daniellec@carlyle.aero
Media:
Kristen Ashton
(212) 813-4763
kristen.ashton@carlyle.com
