Apollo Aviation Prices Apollo Aviation Securitization Equity Trust 2016-1

Most recent ABS continues to build on firm’s expertise in aircraft leasing and servicing

Mar 31, 2016, 15:37 ET from Apollo Aviation Group

MIAMI, DUBLIN and SINGAPORE, March 31, 2016 /PRNewswire/ --

Apollo Aviation Group ("Apollo Aviation") today priced its second aircraft securitization: Apollo Aviation Securitization Equity Trust 2016-1 ("AASET 2016-1"). AASET 2016-1 will issue $510 million of asset backed notes that will be used to acquire a fleet of 32 aircraft.

AASET 2016-1 will issue three tranches of ABS Notes with the following principal amounts and coupons: $395 million Class A Fixed Rate Notes Series 2016-1 at 4.875%, $80 million Class B Fixed Rate Notes Series 2016-1 at 6.500%, and $35 million Class C Fixed Rate Notes Series 2016-1 at 9.197%. Apollo Aviation Management Limited, an affiliate of Apollo Aviation, will act as servicer for the transaction. The Class A Fixed Rate Notes Series 2016-1 will be sold at a price equal to 98.57448% of their face value, with an effective yield of 5.375%. The Class B Fixed Rate Notes Series 2016-1 will be sold at a price equal to 97.96571% of their face value, with an effective yield of 7.250%. The Class C Fixed Rate Notes Series 2016-1 will be sold at a price equal to 99.99891% of their face value, with an effective yield of 9.375%.

The ABS Notes to be issued by AASET 2016-1 in the transaction have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and are being 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 ABS 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.

About Apollo Aviation  

Apollo Aviation Group 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 mid-life commercial aviation sector. Founded in 2002, Apollo has grown to $2.5 billion[1] of aviation assets under management representing over 90 aircraft and 55 aircraft engines. It has offices in the U.S., Ireland and Singapore.

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1. As of December 31, 2015; including invested capital, indebtedness and available capital.

SOURCE Apollo Aviation Group