LCI (Ireland) and Sumitomo Mitsui Finance and Leasing (Japan) have successfully executed US$420 million in loan facilities, designated to fund social projects, including the acquisition of helicopters. This strategic collaboration highlights the increasing focus on financing projects that contribute to societal benefits, particularly in sectors such as emergency medical services and search and rescue operations.
Nok Air, a budget carrier based in Thailand, has amended its business rehabilitation plan, implementing critical changes to ensure financial recovery. The updated plan includes revised loan facilities, adjusted repayment terms to lessors, and an extension of the implementation timeline by one year, now running until September 2027.
Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to two classes of notes issued by Volofin Finance (Ireland) and Volofin Finance US, as part of an aviation loan ABS (asset-backed securities) transaction. The proceeds from this transaction will be utilized to acquire a portfolio of 22 loan facilities with an initial aggregate loan balance of $533.9 million.
