Castlelake Clinches $1 Billion Loan to Buy More Than 60 Aircraft

Alternative investment firm Castlelake LP has secured more than $1 billion of financing for its purchase of over 60 aircraft, according to a statement seen by Bloomberg News.

The firm is receiving a term loan facility from a group of lenders including Deutsche Bank AG, Goldman Sachs Group Inc., BNP Paribas SA and Mitsubishi UFJ Financial Group, according to the statement. The debt has a five-year tenor with an option to extend, and the firm may look to the asset-backed securities market for funding sometime next year, according to a person with knowledge of the matter, who ...