ASL Aviation Holdings confirms financial facility

Photo: ASL Aviation

ASL Aviation Holdings DAC has closed a new credit facility arranged by leading international financial institution, Goldman Sachs.

The agreement makes US$155m available to ASL to be drawn down as required over a 15-month period. The facility is an enhanced secured term loan and Goldman Sachs served as sole lead arranger and placement agent. Clifford Chance served as legal counsel to ASL Aviation Holdings DAC and Milbank served as legal counsel for the lenders.

The agreement builds on ASL’s relationship with Goldman ...