BofA Securities Related Content

Global Jet Capital Raises $609MM Through Newly Completed Securitization

Global Jet Capital closed its BJETS 2022-1 securitization, raising approximately $609 million. BJETS 2022-1 is Global Jet Capital’s sixth asset-backed security offering, bringing the company’s total assets securitized to approximately $4.4 billion. read more

Franklin BSP Lending and Franklin BSP Capital Acquire Encina Equipment Finance

Franklin BSP Lending and Franklin BSP Capital, business development companies advised by affiliates of Benefit Street Partners, acquired substantially all of the equity interests of Encina Equipment Finance. read more

BofA and MUFG Lead $1.4B Revolving Credit Facility for Ryder

Ryder executed a five-year, $1.4 billion global revolving credit facility, which includes 11 global institutions and will expire on Dec. 14, 2026. BofA Securities and MUFG Bank acted as joint bookrunners and joint lead arrangers for the facility. read more

Patriot National Bancorp to Merge with American Challenger to Form Digital Bank

Patriot National Bancorp will acquire digital banking company American Challenger Development via a reverse subsidiary merger, with American Challenger surviving as a wholly-owned subsidiary of Patriot. read more

Triton International Completes Transition of Debt Capital Structure

Container leasing company Triton International took multiple actions to implement its planned transition to a debt capital structure made up of primarily unsecured debt, including amending and restating its existing revolving and term loan facilities so that both will now be unsecured. read more

BofA and RBC Amend and Extend $1.045B Credit Agreement for Ritchie Bros.

Ritchie Bros. amended and extended its $1.045 billion credit agreement, with BofA Securities and RBC Capital Markets serving as joint lead arrangers and joint bookrunners, Bank of America serving as administrative agent and the Royal Bank of Canada serving as syndication agent. read more

Stonebriar Commercial Finance Issues $227MM of Fixed-Rate Reset Cumulative Preferred Shares

Stonebriar Commercial Finance issued and sold $227 million of Series A 7.5% fixed-rate reset cumulative preferred shares in a private offering. read more

United Rentals Prices Offering of $750MM of 3.75% Senior Notes

United Rentals’ subsidiary, United Rentals North America, priced an offering of $750 million principal amount of 3.75% senior notes due 2032 in a registered public offering. read more

Blackbird Capital II LLC Closes $745MM Aircraft Secured Notes to Refinance Debt

Blackbird Capital II Aircraft Lease Limited and Blackbird Capital II Aircraft Lease US LLC closed a $745 million fixed rate notes offering, which consists of $630 million of 2.443% Series A fixed rate notes and $115 million of 3.446% Series B fixed rate notes. read more

SKY Leasing Closes $663MM Secured Notes Offering

SKY Leasing, an aircraft leasing company, closed an issuance of $663 million of secured notes by SLAM 2021-1 Limited and SLAM 2021-1 LLC (SLAM). SLAM expects to use a portion of the proceeds of the notes to acquire a portfolio of aircraft valued at approximately $885 million. read more

Global Jet Capital Completes Fifth ABS Offering, Raises $663MM

Global Jet Capital, a global provider of financial solutions for business aircraft, closed its BJETS 2021-1 securitization, raising approximately $663 million. BJETS 2021-1 is Global Jet Capital’s fifth ABS offering. read more

Stonebriar Commercial Finance Closes Eighth Asset-Backed Securitization

Stonebriar Commercial Finance closed its eighth asset-backed securitization, SCFET 2021-1. The ABS issuance is secured by a portfolio of commercial equipment loans and leases with an aggregate discounted contract balance of more than $1 billion. read more

Stonebriar Closes $572MM Securitization With Strong Demand

Stonebriar Commercial Finance has closed its seventh commercial equipment asset-backed securitization, SCFET 2020-1, a $572 million ABS issuance achieving the highest possible short-term and long-term ratings from Moody’s Investors Service and Kroll Bond Ratings. read more

AerCap Prices $1.25B Aggregate Principal Amount of Senior Notes

AerCap Ireland Capital Designated Activity Company and AerCap Global Aviation Trust, each a wholly-owned subsidiary of AerCap, priced their offering of senior notes, consisting of $1.25 billion aggregate principal amount of 4.50% senior notes due 2023. read more

BofA Agents $400MM Ryder Term Loan

Ryder System entered into a new 364-day unsecured syndicated term loan totaling $400 million with a syndicate of eight large financial institutions led by Bank of America as administrative agent. read more

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