Atlas Air closes $865m Ex-Im loan

摘要

Atlas Air Worldwide Holdings has closed an $865 million US Ex-Im-guaranteed loan to finance its remaining six 747-8 Freighter deliveries. The facility will be drawn in six separate 12-year term loans on delivery of the aircraft, which are scheduled to arrive between mid-2012 and mid-2013. Apple Bank is lender for the loan. SkyWorks Capital advised Atlas Air on the facility, which will initially have a variable rate. Pillsbury represented Atlas Air, Vedder Price represented Ex-Im and Milbank acted for Apple.