AerDragon Aviation Partners’ US$220 Million Senior Secured Commercial Loan

Herbert Smith Freehills has advised a syndicate of financiers on AerDragon Aviation Partners’ US$220 million senior secured commercial loan.

The bank syndicate was led by Credit Agricole CIB (CA-CIB) and DVB Bank SE Singapore Branch and also included the Korea Development Bank, Landesbank Hessen-Thuringen Girozentrale and Norddeutsche Landesbank Girozentrale.

Dragon is an aircraft leasing joint venture between AerCap, China Aviation Supplies Holding Company and affiliates of Credit Agricole CIB. Established in 2006 and based in Ireland, Dragon will use the funds to refinance a portfolio of 10 aircrafts.

HSF Partner Samuel Kolehmainen (Picture) ed the team advising the financiers, assisted by senior associate Amanda Teoh. Derivatives advice was provided by London partner Nick May, while French law advice was provided by partner Régis Oréal, New York law advice was provided by Laura Mouton and Spanish law advice was provided by Armando Garcia-Mendoza.

Involved fees earner: Armando Garcia-Mendoza – Herbert Smith Freehills; Samuel Kolehmainen – Herbert Smith Freehills; Nick May – Herbert Smith Freehills; Régis Oréal – Herbert Smith Freehills; Laura Mouton – Herbert Smith Freehills; Amanda Teoh – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: AerDragon Aviation Partners;

Author: Michael Patrini