The Series A Notes (the “Series A Notes”), Series B Notes (the “Series B Notes”) and Series C Notes (the “Series C Notes” and, together with the Series A Notes and the Series B Notes, the “Notes”) are anticipated to be issued by KDAC Aviation Finance (Cayman) Limited and KDAC Aviation Finance (USA) LLC (together, “KDAC Aviation” or the “Issuers”). DVB Bank SE, London Branch will act as servicer for the transaction (“DVB”, the “Company” or the “Servicer”).
This transaction is the third sponsored portfolio securitization serviced by DVB.
Proceeds from the sale of the Notes will be used to refinance the KDAC 2017-1 transaction, including 34 aircraft assets (the “Portfolio”) on lease to 28 lessees located in 24 countries..
Update: the ABS was pulled off the market .