Kahala Aviation Announces Upcoming Acquisition by Diamond Head Aviation 2015 Limited of 30 Aircraft Portfolio And Related Note Offering
DUBLIN, IRELAND / July 27, 2015 / Kahala Aviation Holdings LLC ("Kahala") announces the upcoming acquisition of an aircraft portfolio comprised of both narrow-body and wide-body aircraft by Diamond Head Aviation 2015 Limited from AWAS Aviation Capital Limited. The acquisition will be financed by US$199,250,000 of 3.81% Class A Fixed Rate Asset Backed Notes and US$61,500,000 of 5.92% Class B Fixed Rate Asset Backed Notes (together, the "Notes") and also the issuance of Class E Notes to Kahala Ireland Investments Designated Activity Company, an affiliate of Kahala. The transaction is expected to close on or about July 30, 2015.
Important Notice Regarding the Issue:
The Notes will be offered only to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S. The Notes will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes will only be offered in conformity with Irish national law and with Directive 2003/71/EC as amended and implemented into relevant national laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state. This press release shall not constitute an offer of the Notes to the public in any member state of the European Economic Area.
About Kahala Aviation Holdings LLC:
Kahala Aviation Ltd. is a global aviation company engaged in acquiring, leasing and trading used commercial aircraft.
Our focus is ten year or older narrow-body aircraft, regional jets and large turboprops. In addition we are one of the leading lessors of 737 freighter aircraft in the world. We also offer structured finance solutions and aircraft management services for our industry clients.
Our founders are Bradley Smith, Michael Garland, Mark Thatcher and Michael Howard all of whom have substantial experience in the aviation and aircraft leasing sectors. Our management team has, in the main, worked together for 10 years during which time we have successfully acquired over 80 aircraft with an aggregate purchase price of approximately $600 million in addition to trading aircraft mortgage securities and loans.
For more information on Kahala Aviation see: www.kahalaaviation.com
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