TrueNoord has closed a $500 million financing facility to refinance part of its existing portfolio of Embraer, Bombardier and ATR aircraft.  The senior secured debt facility is underwritten by three European and US banks: Morgan Stanley, Nord/LB Norddeutsche Landesbank and Barclays.

Milbank, Tweed, Hadley & McCloy acted as legal adviser to TrueNoord.

Update: In September 2018 TrueNoord has closed a sale-and-leaseback deal for two Bombardier CRJ900ERs with Cityjet.TrueNoord has partly financed the transaction by this facility;

Update: In December 2018 TrueNoord used this facility to finance four ATR72-600s for Wings Air;

Update: In January 2019 TrueNoord used this facility to finance 2 E195s from CCB Leasing

Update : In January 2019 TrueNoord used this facility to finance 5 ATR72-600