November 2020
volofin announces closing of P2F bridge financing facility for Titan Aviation Investments Ltd.
volofin Capital Management Ltd. (“volofin”) has successfully closed a $200 million bridge financing facility for Titan Aviation Investments Ltd., a joint venture of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) subsidiary Titan Aviation Holdings, Inc. and Bain Capital Credit. volofin provided a limited-recourse bridge facility that will provide debt capital to finance the purchase and conversion of passenger aircraft into freighter configuration.
Stewart Tanner, Senior Managing Director of volofin, remarked: “We were delighted to work with the teams at Atlas Air Worldwide and Titan Aviation Holdings on the $200m bridge facility to be provided by volofin. It is another significant milestone in volofin’s continued growth and a demonstration of the innovative and bespoke financing structures that we are able to provide to our customers. It was a pleasure to work with the Atlas and Titan teams on this transaction and we look forward supporting their business in the future.”
volofin acted as sole arranger and sole lender in the transaction.