Ashland Place Completes 3-Aircraft Financing for Atalaya Capital Management and Crestone Air Partners

News provided by

Ashland Place

17 Jan, 2024, 09:00 ET

NEW YORK, Jan. 17, 2024 /PRNewswire/ -- Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced the completion of a new facility financing the acquisition of three B737-800 freighters for Atalaya Capital Management ("Atalaya") and Crestone Air Partners ("Crestone").

This is the second transaction that the Ashland Place platform has completed with each of Atalaya and Crestone, having separately previously financed a 777-300ER for Atalaya in August 2022 and four CFM56 engines for Crestone in July 2022.

"We are pleased to once again partner with Atalaya and Crestone on this financing opportunity," said Jennifer Villa, Ashland Place's Executive Director and Group Head. "We look forward to further building these relationships by supporting the teams on future transactions."

"We returned to Ashland Place based on the creative and collaborative nature of our previous work together," said Dominic Nardone, Principal at Atalaya. "This transaction was no different, and we are excited to find more opportunities to work together."

"Jennifer and the Ashland Place team possess a deep understanding of the industry and how to navigate the current economic environment," said Sebastian Lourier, Crestone's CEO. "We value their expertise and appreciate their continued partnership."

Allen & Overy LLP served as legal advisor to Ashland Place, and Pillsbury Winthrop Shaw Pittman LLP served as legal advisor to Atalaya and Crestone.

About Ashland Place Finance LLC

Ashland Place Finance LLC is an institutional financing platform offering innovative capital solutions to the global commercial aerospace industry. Ashland Place is a wholly-owned subsidiary of Davidson Kempner Capital Management LP. Additional information can be found at: www.ashlandplace.com.

About Atalaya Capital Management

Atalaya Capital Management is a privately held, SEC-registered, alternative investment advisory firm. Atalaya primarily focuses on making private credit and special opportunities investments in three principal asset classes – financial assets, real estate, and corporate. Founded in 2006, Atalaya is headquartered in New York City, has approximately $10 billion in assets under management and has invested approximately $17+ billion since inception.

About Crestone Air Partners

Crestone Air Partners (CAP) is a full-service aviation asset management platform with a diverse portfolio of aircraft and engines leased to airlines globally. Crestone is headquartered in Denver, Colorado, and is a wholly owned business unit of Air T, Inc. holding company (NASDAQ: AIRT). Additional information can be found at: www.crestoneairpartners.com.

Media Contacts:

Ashland Place
Prosek Partners
[email protected]

Atalaya Capital Management
Ben Howard
[email protected]

Crestone Air Partners
Kevin Milligan
[email protected]

SOURCE Ashland Place

Also from this source

Ashland Place Prices Inaugural Aviation Loan Asset-Backed Securitization

Ashland Place Finance LLC ("Ashland Place"), a commercial aviation financing platform, today announced the pricing of APL Finance 2023-1 Designated...
More Releases From This Source

Explore

Image1

Banking & Financial Services

Image1

Airlines & Aviation

Image1

Travel

Image1

Financing Agreements

News Releases in Similar Topics

Sign up for Top Stories & curated News delivered to your inbox

Thank you for subscribing!

By signing up you agree to receive content from us.
Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber's engagement and interests. For more information on how we will use your data to ensure we send you relevant content please visit our PRN Consumer Newsletter Privacy Notice. You can withdraw your consent at any time in the footer of every email you'll receive. Mit Ihrer Anmeldung erklären Sie sich damit einverstanden, Inhalte von uns zu erhalten.
Unsere Newsletter enthalten Zählpixel, die die Lieferung einzigartiger Inhalte in Bezug auf das Abonnement und die Interessen der einzelnen Abonnenten ermöglichen. Weitere Informationen über die Verwendung Ihrer Daten im Hinblick auf die Zusendung von relevanten Inhalten, finden Sie in unserer PRN Consumer Newsletter Privacy Notice. Ihre Zustimmung können Sie jederzeit in der Fußzeile jeder erhaltenen E-Mail widerrufen. En vous inscrivant à la newsletter, vous consentez à la réception de contenus de notre part.
Notre newsletter contient des pixels espions nous permettant la fourniture à chaque abonné, d’un contenu unique en lien avec ses souscriptions et intérêts. Pour de plus amples informations sur l’utilisation faite de vos données en vue de l’envoi des contenus concernés, nous vous invitons à consulter la politique de confidentialité disponible à partir du lien suivant PRN Consumer Newsletter Privacy Notice. Vous pouvez à tout moment revenir sur votre consentement par le biais des informations situées au bas de chaque e-mail reçu. Регистрирайки се, Вие се съгласявате да получавате информационно съдържание от нас. Нашите бюлетини съдържат проследяващи пиксели, които ни помагат да предоставяме уникално съдържание въз основа на ангажираността и интересите на всеки абонат. За повече информация относно начина, по който ще използваме Вашите данни, за да гарантираме, че Ви изпращаме подходящо съдържание, моля, направете справка с нашето Уведомление за поверителност на потребителския бюлетин на PRN. Можете да оттеглите съгласието си по всяко време в долния колонтитул на всеки от имейлите, които ще получите.