PK AirFinance Arranges and Funds Scaled Portfolio Facility for CALC’s Sidecar Platform (CAG)NEW YORK, Nov. 11, 2024 (GLOBE NEWSWIRE) -- PK AirFinance (“PK”), a leading aviation lending platform and affiliate of Apollo (
NYSEAPO), today announced the arrangement and funding of a $550 million loan facility with China Aircraft Leasing Group (“CALC”)’s sidecar platform – China Aircraft Global (“CAG”). The portfolio is secured by 21 narrowbody and 2 widebody aircraft. The collateral pool is diversified among 15 different airline operators located across the globe. PK is acting as sole lender, admin agent and security trustee on the secured loan facility.
PK AirFinance Issues $633 Million Aviation Loan ABSTransaction Represents Second Aircraft Loan ABS Issuance in 2024
PK AirFinance Issues Inaugural $622 Million Aviation Loan ABSNEW YORK, July 11, 2024 (GLOBE NEWSWIRE) -- PK AirFinance (“PK”), a leading aviation lending platform and affiliate of Apollo (
NYSEAPO), has closed its inaugural aircraft loan asset-backed securitization: PK ALIFT LOAN FUNDING 3 Series 2024-1 (“PKAIR 2024-1”). PKAIR 2024-1 issued over $622 million of Notes that will be used to acquire the rights to the economics of a portfolio of aviation loans via the acquisition a 100% series limited partnership interest in a PK-managed origination vehicle.
PK Airfinance and Apollo affiliates to Acquire $920 Million Portfolio of Secured Aviation Loans from Standard CharteredNEW YORK, Aug. 28, 2023 (GLOBE NEWSWIRE) -- PK Airfinance, a leading aviation lending platform backed by Apollo (
NYSEAPO), has agreed to acquire the majority of an approximately $920 million portfolio of secured aviation loans from Standard Chartered, with Apollo affiliates agreeing to purchase the balance of the portfolio. The sale and transfer of the loans is subject to customary closing conditions and is expected to close year-end 2023.
