April 4, 2014 – Chicago, IL |
RPK Capital Partners, a leader in aviation investment transactions, has issued both Class B and E 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. In August 2013 RPK issued Class A Certificates against those same aircraft-secured loans.
The Class B and Class E Certificates are subordinate to the Class A Certificates. Similarly to the Class A Certificates, both Class B and E Certificates were completed by Jefferies, LLC, who served as sole structurer and sole book runner to the transaction.
“With American’s credit profile further improving, RPK saw an extra opportunity to improve our investment’s return”, said James Raff, President of RPK Capital Partners.