Doric Cooperates with Prime Capital on Aircraft Engine Sale-and-Lease-Back Transaction
Upon acquisition, the engines will be leased back to a subsidiary of a leading European engine manufacturer.
This transaction marks the first cooperation between Doric and Prime Capital as Placement Agent.
The acquisition of the engines has been financed by rated registered notes issued by SkyLux 225 SA. The notes bear a fixed interest rate and were placed with institutional investors in Germany.
Sibylle Pähler, Managing Director of Doric, commented on the acquisition: “We are delighted about this aviation transaction, which was accomplished despite the current COVID-19 market situation, and look forward to working together with Prime Capital and our leasing partner in the future.”
Further information on Doric’s aviation business can be found at https://www.doric.com/en/transport.