August 1, 2013 – Chicago, IL |
RPK Capital Partners, a leader in aviation investment transactions, has issued Class A Certificates against its American Airlines’ aircraft-secured loans.
In October of 2012 RPK lent American Airlines $268 million secured by 10 mid-life aircraft. The eight-year term secured loan proceeds were used by the airline to refinance existing debts and manage general operating costs.
RPK worked with Jefferies, LLC, who served as sole structurer and sole book runner to the transaction, to complete the offering. Prior towards issuance, the Class A Certificates obtained a ‘BBB’ rating from Fitch Ratings.
“RPK is very pleased with this offering”, said James Raff, President of RPK Capital Partners. “The American credit has vastly improved and enabled us to realize our investment returns quicker than originally estimated”, added Mr. Raff.