Jackson Square Aviation Announces $400 Million Credit Facility Provided by
Four Leading Global Financial Institutions
</pre> <p><span class="xn-location">SAN FRANCISCO</span>, <span class="xn-chron">Dec. 7, 2010</span> /CNW/ -- <span class="xn-person">Jackson Square</span> Aviation, LLC ("JSA") is pleased to announce that it has closed a <span class="xn-money">$400 million</span> secured credit facility, which provides the company with committed long-term debt capacity. JSA is one of the world's most active commercial aircraft lessors, and this facility provides the company with a key financing source to acquire modern, fuel-efficient aircraft for lease to its airline customers.</p> <p/> <p>The facility provides JSA with availability to draw down through mid-2012, with a term-out feature that extends to late 2018. Approximately half of the facility will be used to finance aircraft which are currently owned by JSA or under firm commitment for JSA to purchase, with the additional capacity available for next-generation Airbus and Boeing narrow body aircraft.</p> <p/> <p>The facility is underwritten by four of the world's leading commercial aviation banks, all of which have substantial expertise in aircraft finance and have financed JSA's management team in the past. DVB Bank SE serves as the facility's agent, and each of Credit Agricole CIB, BNP Paribas and KfW IPEX-Bank GmbH have provided substantial commitments to the facility as joint arrangers and underwriters.</p> <p/> <p>"This facility enables JSA to diversify its funding sources and provides committed capital for additional growth," said <span class="xn-person">Scott Weiss</span>, <span class="xn-location">Jackson</span> Square's COO and Executive Vice President of Capital Markets. "Having this international syndicate is an excellent validation of JSA's business model. We are actively growing and having this long-term solution to finance new deliveries is a major competitive advantage for us and for our customers. It's another big step forward for us after a very active 2010."</p> <p/> <p><span class="xn-person">Jackson Square</span> Aviation is a full-service aircraft leasing company based in <span class="xn-location">San Francisco</span> with offices in <span class="xn-location">Seattle</span>, <span class="xn-location">London</span>, <span class="xn-location">Miami</span>, and <span class="xn-location">Buenos Aires</span>, with an Asian office opening in 2011. The management team, which had previously worked together at Pegasus Aviation and Sky Holding, has over 100 years of combined industry experience. Led by the seasoned aircraft leasing trio of <span class="xn-person">Richard Wiley</span>, <span class="xn-person">Toby Bright</span> and <span class="xn-person">Scott Weiss</span>, the team has collectively acquired over <span class="xn-money">$10 billion</span> of aircraft, has purchased and/or remarketed over 400 aircraft, and has developed relationships with over 30 commercial lenders and investment banks across <span class="xn-location">Europe</span>, Asia and <span class="xn-location">North America</span>. JSA currently has over <span class="xn-money">$1.5 billion</span> in aircraft owned or under firm commitment to purchase through 2012, and is actively building its fleet via sale/leasebacks and direct purchases of next-generation Airbus and Boeing aircraft.</p> <pre>
For further information: Jackson Square Aviation, LLC, +1-415-821-8300, [email protected], www.jacksonsquareaviation.com Web Site: http://www.jacksonsquareaviation.com/
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