Castlelake Aircraft Structured Trust 2017-1R priced its $315 million Class A notes, $75 million Class B notes and $60 million Class C notes. Castlelake plans to use the net proceeds of the offering to refinance the existing Castlelake Aircraft Structured Trust 2017-1 transaction. The offering is expected to close on Aug. 5, subject to the satisfaction of customary closing conditions.

This refinancing follows Castlelake’s issuance of Castlelake Aircraft Structured Trust 2021-1 earlier this year, which was the first such transaction to be completed by the company since the beginning of the global COVID-19 pandemic.

Castlelake, which is a global alternative investment manager with 15 years of tenure investing in, financing and managing aviation assets, has issued more than $6 billion of aircraft ABS since beginning the program in 2014.