Clifford Chance advises Global Jet Capital on $2.3B secured credit facility
Clifford Chance has advised Global Jet Capital on a $2,310,000,000 secured credit facility used to finance the acquisition of General Electric Capital Corporation's corporate jet business. The facility is expected to finance the acquisition of lease and loan assets relating to more than 300 corporate jet aircraft - one of the largest deals ever of its type. The first funding under the facility occurred December 4th and involved the acquisition of interests in more than 200 aircraft.