Clifford Chance

Clifford Chance advises ATLAS SP Partners and Deutsche Bank in US$2.5 billion aircraft financing

Global law firm Clifford Chance has advised ATLAS SP Partners, L.P., the warehouse finance and structured products business majority owned by Apollo funds, and Deutsche Bank AG, New York Branch, as lenders on a US$2.5 billion secured asset-level debt financing warehouse facility for the Strategic Capital Initiative established by FTAI Aviation Ltd. to finance the acquisition of on-lease Boeing 737NG and Airbus A320 aircraft.

All engines will be powered via engine and module exchanges supported by FTAI’s Maintenance, Repair and Exchange business.

ATLAS SP Partners served as structuring agent and lead arranger.

The Clifford Chance team was led by Benjamin Fisher and included associates Olga Miller, Andrew Gong, Sana Tauseef and Sade Donald and law clerk Arifa Abrahim.

Head of Clifford Chance's Global Asset Finance Group, Zarrar Sehgal said, "It is our pleasure to have supported ATLAS SP Partners and Deutsche Bank on this important transaction."

Fisher added, "We are proud to have represented ATLAS SP Partners and Deutsche Bank on the inaugural asset-level debt financing for FTAI's Strategic Capital Initiative and to have helped bring this transaction to fruition."