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Article: Babcock & Brown Air Closes $1.104 Billion Aircraft Acquisition Credit Facility.
- Article from:
- PR Newswire
- Article date:
- November 8, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DUBLIN, Ireland, Nov. 8 /PRNewswire-FirstCall/ -- Babcock & Brown Air Limited , a company that leases commercial aircraft worldwide, announced today that its subsidiary, Babcock & Brown Aircraft Acquisition I Limited entered into a senior secured credit facility (the "Credit Facility") on November 6, 2007 that will allow it to fund the acquisition of up to $1.2 billion of additional aircraft. The Credit Facility is structured with a two-year revolving period and an additional three-year term period, providing the company with up to five years of financing on its aircraft acquisitions.
Babcock & Brown Aircraft Management, whose managed aircraft portfolio is the ...