Acquisition of Asset - RNS - London Stock Exchange
As anticipated in the Company's Prospectus dated 30 April 2015 (the "Prospectus") Amedeo Air Four Plus Limited (the "Company"), via its wholly-owned subsidiary AA4P Delta Limited ("AA4PD"), on 30 November 2015 purchased directly from Airbus one A380 aircraft bearing manufacturer's serial number 201 (the "Aircraft") at a net cost to the Company of US$275,000,000. In accordance with the Investment Process outlined in the Prospectus, the Aircraft is the final Initial Asset to be acquired by the Company.
In connection with the acquisition of the Aircraft, AA4PD drew down senior debt financing in accordance with a senior loan agreement entered into with Westpac Banking Corporation, Qatar National Bank and Doha Bank in the amount of US$170,000,000 as well as junior debt financing in the amount of US$40,000,000 pursuant to a junior loan agreement entered into with Qatar National Bank. Upon delivery, AA4PD also entered into an Aircraft Operating Lease with Emirates airline ("Emirates") pursuant to which the Aircraft has been leased to Emirates for a term of 12 years, with fixed lease rentals for the duration. Following this purchase, the Company therefore now owns four A380s which have all been leased to Emirates.