KBRA Assigns Preliminary Ratings to SLAM 2021-1 LIMITED
MAY 24, 2021 - 6:34 am
Kroll Bond Rating Agency Europe assigned ratings to the Series A notes and Series B notes issued by SLAM 2021-1 LIMITED and SLAM 2021-1 LLC, an aviation ABS transaction. SKY Aero Management Limited and SKY Leasing are servicing the transaction.
Proceeds from the notes will be used to acquire 16 aircraft (the portfolio) on lease to six lessees located in four jurisdictions. As of April 30, 2021, the portfolio had a remaining lease term of approximately 11.1 years and a weighted average age of 1.6 years. The portfolio has an initial value of approximately $884.2 million, based on the average of the half-life base values provided by three third-party appraisers as of February 2021, which were adjusted for maintenance conditions as of April 2021 by the maintenance provider.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
Being a leader in today’s equipment finance industry takes a sense of purpose, advocating for oneself and being flexible. Amy Gross, executive vice president of the commercial vendor and government divisions at Key Equipment Finance, says being a parent while... read more
Believing in the leadership motto, “Learn more, inspire more, do more,” Ricardo E. (Ricky) Rios, chief operating officer of Commercial Equipment Finance, also models his life after it. Following his passion for self-development, Rios has taken Commercial Equipment Finance to... read more