KDAC 2020-1 | ABS (Cancelled) | 02-20 | $629.8m | 34xA/c | Transaction | Airfinance Journal

KDAC 2020-1 | ABS (Cancelled) | 02-20 | $629.8m | 34xA/c

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 .


Deal Categories

Regions:
Europe
Germany
Tagged as:
Secured
Debt Capital Markets
G8

Structure

Product category:
Other
Product type:
Aircraft purchase
Structure
Aircraft Purchase
Use of proceeds
Aircraft Purchase

Deal Categories

Regions:
North America
United States
Tagged as:
Secured
G8