Walkers Ireland advises on HKAC Warehouse Facility

Walkers Ireland acted as transaction counsel for Hong Kong Aviation Capital ("HKAC") and Credit Suisse, agent for the lender group, in structuring a $725 million warehouse facility for HKAC. The facility was syndicated to a broad group of global lenders including Credit Suisse AG, Crédit Agricole Corporate and Investment Bank, Royal Bank of Canada, KeyBank National Association, Natixis, Nomura Corporate Funding Americas, LLC, First Gulf Bank PJSC and EverBank Commercial Finance, Inc.

HKAC used the facility to finance new aircraft deliveries and to refinance existing aircraft. Credit Suisse served as the structuring agent and Credit Suisse, Credit Agricole and RBC Capital Markets served as joint lead arrangers.

Walkers Ireland worked with Vedder Price in New York and Chicago and with Clifford Chance in New York in closing the transaction.