NAC increases Debt Facility from US$300 Million to US$400 Million

Billund, 23 March 2015 – Nordic Aviation Capital A/S (NAC), the global leader in turboprop leasing, today announced that it has increased the Debt facility it signed in January 2015 to US$400 million. The company will use the proceeds to part finance the acquisition of turboprop and regional jet aircraft, which will then be leased to airline partners around the world.

“This is an important transaction for our company,” said Kim Graven-Nielsen, CEO of NAC. “We thank the participating banks for providing the capital to fuel our continued growth. NAC has had 18 consecutive years of net income growth and this facility will help us continue our strategy.”

Søren M. Overgaard, CFO, said, “This facility, which has unique aspects regarding the assets that can be placed in the portfolio, allows NAC the opportunity to better service our growing client base with the right product for their fleet in a timely manner. We are grateful for the interest that has been in participating in this facility.”

The US$400 million facility was led by Deutsche Bank as sole structuring agent and Deutsche Bank and Citibank as Global Book Runners. The Mandated Lead Arrangers included Crédit Agricole Corporate and Investment Bank, Bank of America Merrill Lynch, DVB Bank, BNP Paribas and Everbank Commercial Finance, Inc.