First Commercial Aircraft ABS Issuance in 2025
MIAMI, DUBLIN, SINGAPORE – February 19, 2025 -- Carlyle Aviation Partners Ltd. (“Carlyle Aviation Partners”) today announced it has closed its seventeenth aircraft portfolio transaction: AASET 2025-1 Trust (“AASET-2025-1”). AASET 2025-1 issued $518 million of Secured Notes that will be used to purchase a portfolio of 23 aircraft.
AASET 2025-1 marks the first commercial aircraft asset-backed securitization (ABS) issuance in 2025, signaling a strong opening of the year for the aircraft securitization market. AASET 2025-1 features a master trust structure first utilized last year by Carlyle Aviation that allows the trust to finance previously identified aircraft at its option.
“We are encouraged by the strong demand and favorable terms of this transaction. The innovative master trust structure of AASET 2025-1 highlights our continued commitment to excellence in this space,” said Javier Meireles, Chief Executive Officer of Carlyle Aviation.
“We are proud of our leadership in the aircraft ABS market and believe the innovative master trust structure will benefit issuers and investors alike, offering larger asset pools with more diversification,” said Bill Hoffman, Chairman of Carlyle Aviation.
Goldman Sachs was sole structuring agent, global coordinator, and joint lead bookrunner. Milbank LLP was the issuer counsel and Phoenix American was the managing agent.
The Secured Notes to be issued by AASET 2025-1 in the transaction have not been registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and were offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. The Secured Notes may not be sold in the United States absent registration under the Securities Act or pursuant to an applicable exemption from registration requirements under the Securities Act.
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About Carlyle Aviation Partners
Carlyle Aviation Partners is the commercial aviation investment and servicing arm of Carlyle's Global Credit business, with $194 billion in assets under management as of September 30, 2024. It is a multi-strategy aviation investment manager that seeks to capitalize on its extensive technical knowledge, in-depth industry expertise and long-standing presence in the aviation sector. As of September 30, 2024, it has a team of more than 120 employees and offices in the US, Ireland and Singapore. For more information, visit www.carlyle.aero.
About Carlyle
Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $447 billion of assets under management as of September 30, 2024, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,300 people in 29 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.
Contacts:
Investors
Danielle Calleja
786-476-2394
daniellec@carlyle.aero
Carlyle Aviation Partners
Media
Kristen Ashton
(212) 813-4763
kristen.ashton@carlyle.com
Carlyle