December 2024
volofin Capital Management Ltd. Closes Inaugural $538MM Aviation Loan ABS - VFIN 2024-1
VFIN 2024-1 issued approximately $534 million of notes (including approximately $27 million of residual interest notes retained by volofin) that was used to acquire lender interests in a portfolio of 22 aviation loan facilities (majority originated by volofin).
“We are extremely excited and proud to complete this transaction. It represents a significant accomplishment for volofin as a first-time issuer,” Bob Peart, CEO of volofin, said. “The ability to secure a AAA rating and the strong endorsement from a prominent group of institutional investors is a testament to the strength of the volofin platform, our strong track record and position in the market. The demonstrated access to the capital markets expands our funding base, and further enhances our ability to provide traditional and bespoke financing solutions for our customers.”
BNP Paribas served as Sole Lead Bookrunner and Co-Structuring Agent alongside volofin who also served as Co-Structuring Agent. Deutsche Bank Securities and SMBC Nikko served as Co-Managers. Arnold & Porter Kaye Scholer LLP served as Counsel to volofin and the Issuers, while Milbank LLP served as Counsel to the Initial Purchasers.