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Global Jet Capital raises $674m following securitization

Global Jet Capital announced today the closing of its BJETS 2018-2 securitization, raising approximately $674 million.

BJETS 2018-2, is the second ABS offering that Global Jet Capital has closed in the last four months, bringing total assets securitized to over $1.5 billion.

Shawn Vick, CEO of Global Jet Capital, stated, “This is a continuation of the development of the corporate jet asset class for the ABS market, which started with the issuance of BJETS 2018-1, the first ABS capital markets financing backed exclusively by business jet operating leases and loans.

The transaction generated strong demand from a diverse investor base at tighter overall yields than BJETS 2018-1 despite widening benchmarks, reflecting growing support for the Company’s strategy and performance.

“We appreciate the support of our lenders and the confidence that their commitment to the new credit facility reflects in our business.”