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Conyers Advises Aldus Aviation’s US$540 million Aircraft Portfolio Asset-Backed Secured Loan Transaction

Conyers Dill & Pearman (“Conyers”) provided Bermuda law advice to Goldman Sachs, in connection with Aldus Aviation’s (“Aldus”) US$540 million asset backed secured Term Loans for ATLAS 2014-1 Limited and ATLAS 2014-1 LLC (together, “ATLAS”). The net proceeds of the Issue will be used by ATLAS, each a newly established special purpose vehicle, to fund the acquisition of 30 Embraer aircraft from Aldus and the secondary market.

Goldman Sachs acted as the sole structuring agent, global coordinator and joint lead arranger. Deutsche Bank is joint lead arranger, acting as trustee and as liquidity facility provider.

Jason Piney and Neil Henderson advised on this matter, working alongside Clifford Chance. Allen & Overy and Milbank, Tweed, Hadley & McCloy LLP advised Aldus.

 


Neil Henderson
Director

BERMUDA   +1 441 298 7846


Jason Piney
Director

Bermuda   +1 441 299 4993


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Deals & Transactions

Conyers Advises Aldus Aviation’s US$540 million Aircraft Portfolio Asset-Backed Secured Loan Transaction

09 March 2015 Neil Henderson Jason Piney

Conyers Dill & Pearman (“Conyers”) provided Bermuda law advice to Goldman Sachs, in connection with Aldus Aviation’s (“Aldus”) US$540 million asset backed secured Term Loans for ATLAS 2014-1 Limited and ATLAS 2014-1 LLC (together, “ATLAS”). The net proceeds of the Issue will be used by ATLAS, each a newly established special purpose vehicle, to fund the acquisition of 30 Embraer aircraft from Aldus and the secondary market.

Goldman Sachs acted as the sole structuring agent, global coordinator and joint lead arranger. Deutsche Bank is joint lead arranger, acting as trustee and as liquidity facility provider.

Jason Piney and Neil Henderson advised on this matter, working alongside Clifford Chance. Allen & Overy and Milbank, Tweed, Hadley & McCloy LLP advised Aldus.

 


Neil Henderson
Director

BERMUDA   +1 441 298 7846


Jason Piney
Director

Bermuda   +1 441 299 4993


 

expertise

Aviation


JURISDICTION(S)

Bermuda


International Office(s)

Bermuda