High Ridge Aviation has increased its warehouse and added three new lenders to its seven-year debt facility, which closed in July 2023. Wells Fargo, Royal Bank of Canada and PNC have Joined as lenders.

With a lending group of six banks and over $1 billion in committed capacity, High Ridge said it maintains additional flexibility to upsize the facility as needed.

Wells Fargo Bank joined the facility in the fourth quarter of 2023 as an additional lender, and Royal Bank of Canada and PNC Bank, National Association have also joined in 2024.

Deutsche Bank Securities and Citi acted as co-structuring agents and mandated lead arrangers on the facility; Credit Agricole Corporate and Investment Bank joined the facility in October 2023.

Milbank acted as the legal adviser to High Ridge Aviation, and Vedder Price acted as the legal adviser to the lenders. A&L Goodbody, the Irish legal adviser to High Ridge Aviation, also supported the transaction. Citi is acting as the administrative agent, account bank, and security trustee for the facility.

Related ID: 18978

Related ID: 20357