Chorus Aviation Capital (Ireland) Ltd, unit of Canadian airlines holding company Chorus Aviation Inc., has landed $300 million to finance future aircraft acquisitions.
Chorus Aviation Capital said that the facility will support the expansion of its regional aircraft leasing business beyond its current 34 aircraft valued at $750 million.
Further, the facility will provide a committed and flexible source of debt capital further enhancing Chorus Aviation’s ability to expand its aircraft portfolio.
German lender Deutsche Bank acted as lead arranger and structuring agent and UK's Barclays and the Royal Bank of Canada as syndicate members.