BayernLB supports TrueNoord, the specialist regional aircraft lessor in its continued growth
Munich / London - BayernLB’s Aviation & Space sector successfully closed a $275m structured portfolio financing facility extended to TrueNoord, a top-tier lessor and servicer in the regional aircraft space. BayernLB acted as Mandated Lead Arranger and Primary Lend-er along with MUFG. The 5 years’ term loan facility is collateralized by 31 aircraft on lease to 13 airlines in 11 jurisdictions and syndicated across 6 lenders.
“This is a landmark deal for our sector and a testament of BayernLB’s ambitions as an aviation lender. A milestone in many ways: our first regional aircraft financing, acting as Lead Arranger on a structured portfolio financing, and our first deal with the renowned TrueNoord team, with whom we are looking forward to building a strong and lasting relationship”, says Viktor Berta, Director of Aviation & Space.
Oliver Geldner, Head of Aviation & Space adds: “The closing of this transaction demonstrates our strategic shift from being a primarily credit-focused bank to the ability to structure diversified portfolio fi-nancings. We are looking forward to continued growth and to sup-porting our expanding client base in the Aviation & Space sector”.