CIC, Helaba, Seabury and SMBCE closed the first ever aircraft finance lease under the New Turkish Finance Lease law for Turkish Airlines
Crédit Industriel et Commercial (”CIC”), Landesbank Hessen Thüringen Girozentrale (“Helaba”), Seabury Advisors LLC (“Seabury”) and Sumitomo Mitsui Banking Corporation Europe Limited (“SMBCE”) have closed a financing for Turkish Airlines (“THY”) to finance the acquisition of one new Airbus 321-231 aircraft. The financing package consisted of a commercial credit loan combined with a French optimised lease structure and was the first aircraft finance lease under the new Turkish Lease law replacing the former 1985 one. The financing successfully closed on January 23rd coinciding with the aircraft delivery.
CIC was the sole lease arranger and provider of the equity of the optimized lease structure. Seabury was the debt structuring and placement agent, with Helaba and SMBCE as co-arrangers, and i.a. CIC as co-lenders. CIC is the facility agent and Helaba acts as security trustee.
THY has also mandated the same institutions to execute the same financing package for 3 other Airbus 321 aircraft which are scheduled to delivered by April 2013. All finance parties and the lawyers (Norton Rose, Dikici, and Gide) are proud to contribute to the success of THY.
Seabury is a global advisory and investment banking firm with over 250 professionals based in 14 countries on five continents, including six offices in the United States, providing clients a comprehensive approach to driving business solutions, no matter how complex or challenging the issues. Seabury provides investment banking and merchant banking, management consulting, enterprise MIS software solutions, structured investment products, FX trading software, trade finance solutions, and human capital advisory services to clients in the following industries: aerospace, automotive, aviation, cargo/logistics, explosives/mining, financial services, gaming, hospitality, infrastructure, insurance, manufacturing, maritime/offshore oil & gas exploration, metals processing, mining, private equity, debt and hedge funds, real estate and travel.
Seabury professionals are a unique combination of top-tier bankers, consultants, software solutions experts, and former industry executives that provide in-depth advisory services to effectuate enterprise-wide change. Since 1995 Seabury’s professionals have advised on over 900 client engagements globally including assignments involving negotiating new or existing aircraft orders totalling over $250 billion (list prices) and structuring over $80 billion of equity and debt capital transactions. Additionally Seabury served as investment banker and restructuring advisor for 10 of the 15 largest airline turnarounds, including restructuring over $100 billion of debt and lease transactions.
Seabury has increasingly broadened its global businesses to include structured finance products, enterprise software, and trade finance services. Seabury is a global leader in providing software tools and data products covering aviation, aerospace, cargo/global trade, FX trading and human capital. Seabury has developed world-class, enterprise-wide MIS systems that can extract information, manage contracts, and evaluate data across an array of IT systems delivering real-time analysis and executable information. In 2013 Seabury acquired FXone Ltd., a leading provider of new software tools and enterprise software for market makers, brokers and traders for FX trading based in San Francisco which has been renamed Seabury Financial Solutions LLC, and 1 East West Limited, a provider of innovative supply chain finance solutions, based in Hong Kong, which has been renamed Seabury Trade Finance Exchange Ltd.