Fort Lauderdale, Florida, USA – 28 September 2021
Azorra is pleased to announce that it has closed a $500 million warehouse credit facility.
The limited-recourse facility has a two-year availability period and a five-year term overall.
Credit Suisse Securities (USA) LLC acted as lead arranger and sole structuring agent. The facility will fund recent and pending aircraft acquisitions and will provide Azorra with significant flexibility to grow its fleet.
“On the heels of our successful equity raise earlier this year, the closing of this warehouse facility will further enable us to execute on our ambitious growth plans and pursue opportunistic acquisitions,” said Claudia Ziemer, Senior Director Finance. “It marks another step toward building Azorra into a premier regional and crossover aircraft lessor.”
UMB Bank, N.A. will act as facility agent and security trustee under the warehouse. Vedder Price advised Azorra and the borrowers, Pillsbury advised Credit Suisse, and Mason Hayes & Curran acted as Irish counsel.
Azorra is a relationship-driven commercial aircraft lessor, providing lease, financing, and asset management solutions with a focus on regional, crossover and small narrowbody aircraft. Azorra’s team is led by industry veterans with a shared history of success and a wealth of experience in aircraft leasing. The company is headquartered in Fort Lauderdale, Florida.
Azorra Aviation Holdings, LLC
350 SW 34th Street
Fort Lauderdale, FL 33315
September 28, 2021
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Azorra is a relationship-driven commercial aircraft lessor, providing lease, financing, and asset management solutions with a focus on regional, crossover and small narrowbody aircraft. Azorra’s management team, with more than 25 years of experience on average, is led by industry veterans with a proven track record and a wealth of experience in aircraft leasing.