The $556.3 million Apollo Aviation Securitization Equity Trust 2014-1 is comprised of two tranches. The $422.052 million A tranche with an initial loan-to-value of 55% and an A rating from Kroll Bond Rating Agency, priced at 5.125%. The $134.289 million B notes, with an LTV of 72.5% and a BBB Kroll rating, priced at 7.375%. Both tranches have a final maturity of November 15, 2029.
Goldman Sachs was sole structuring agent and global coordinator. Joint lead arrangers were Goldman Sachs Lending Partners, DVB Capital Markets, and Crédit Agricole Corporate & Investment Bank. Wells Fargo was the Facility Agent and Trustee, with DVB Bank as Liquidity Facility Provider.
