Akin Advises Bain Capital in Groundbreaking Aircraft Securitization
Contact:
(New York) – Akin’s global capital solutions team advised Bain Capital Special Situations, L.P., a leading capital solutions provider, in connection with a landmark $1.245 billion fixed-rate note offering and “E Note” issuance by GGAM Master Trust, its newly established securitization platform for mid-life commercial aircraft. This transaction marks the largest offering of its kind, setting a new benchmark in aviation finance. The note proceeds will be used to acquire an initial portfolio of 25 mid-life commercial aircraft owned by Griffin Global Asset Management, Bain Capital’s commercial aircraft leasing platform.
This transaction establishes a new standard in aviation finance for mid-life commercial aircraft by creating a dynamic amortizing debt platform that aligns with aircraft depreciation and is scalable for future acquisitions. This transaction demonstrates Bain Capital’s ability to provide bespoke financing solutions and unlock value with respect to its aviation assets.
The Akin team was led by capital solutions co-leader Ranesh Ramanathan, partner Alex Cushman, counsel Nate Sherman and associates Grant Ogulnick and Lauren Caterfino. Additional support was provided by asset-based finance partner Sarah Milam, tax partner Ryan Dahan and finance associate Casey Braden.
Further information on the transaction can be found here.
Our global capital solutions group advises private capital investors pursuing opportunities, and companies seeking investments, across the capital structure in all market cycles. We provide a one-stop shop for credit funds, private equity firms and other global investors, as well as companies, seeking bespoke capital and liquidity solutions.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
# # #
People Mentioned in This News
