Investors will get access to a new issuer and a new aircraft type in the Goldman Sachs led Castlelake Aircraft Securitization Trust 2014-1 deal.
The $515.6 million deal is a first for issuer, Castlelake. It has been assigned preliminary ratings by Kroll Bonds Ratings. The series A-2 and A-2 notes are rated A’. The Series B notes are rated BBB’. All three tranches are structured with a final maturity of Feb. 15, 2029.