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Conyers advises on first asset backed securitization since 2007 - July 2011

July 2011 Neil Henderson

Conyers advised on the GE Capital Aviation Services (Gecas) $290m asset backed securitization for a pool of 30 aircraft engines including the issuance of E Notes, which closed on June 24, 2011 and is the first asset backed securitization since 2007.

The transaction was backed by leases to 18 airlines for 26 engines (with the remaining four engines available for lease).

Neil Henderson of Conyers acted for the Issuing Company, advising alongside Milbank, Tweed, Hadley & McCloy LLP (counsel to Note Purchasers); Shearman & Sterling LLP(counsel to the Trust Certificate Investors); Orrick, Herrington & Sutcliffe LLP (counsel to Rotor); Holland & Knight (counsel to Sellers); Seward & Kissel (counsel to Security Trustee); and Loyens & Loeff (Luxembourg counsel).

 


Neil Henderson
Director

BERMUDA   +1 441 298 7846


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Deals & Transactions

Conyers advises on first asset backed securitization since 2007 - July 2011

13 July 2011 Neil Henderson

Conyers advised on the GE Capital Aviation Services (Gecas) $290m asset backed securitization for a pool of 30 aircraft engines including the issuance of E Notes, which closed on June 24, 2011 and is the first asset backed securitization since 2007.

The transaction was backed by leases to 18 airlines for 26 engines (with the remaining four engines available for lease).

Neil Henderson of Conyers acted for the Issuing Company, advising alongside Milbank, Tweed, Hadley & McCloy LLP (counsel to Note Purchasers); Shearman & Sterling LLP(counsel to the Trust Certificate Investors); Orrick, Herrington & Sutcliffe LLP (counsel to Rotor); Holland & Knight (counsel to Sellers); Seward & Kissel (counsel to Security Trustee); and Loyens & Loeff (Luxembourg counsel).

 


Neil Henderson
Director

BERMUDA   +1 441 298 7846


 

expertise

Corporate


International Office(s)

Bermuda