Arnold & Porter Advises volofin Finance (Ireland) Designated Activity and volofin Finance U.S. LLC on Inaugural $534 Million Aviation Loan ABS

Arnold & Porter advised volofin Finance (Ireland) Designated Activity Company and volofin Finance U.S. LLC on their inaugural issuance of notes under the Issuers’ program of financing the acquisition of aviation loan facilities. The issuance, which totaled US$533,904,711, was almost 6x oversubscribed and secured by a portfolio of 22 aviation loan facilities.

The issuance consisted of US$387,081,000 5.935%, Fixed Rate Asset-Backed Notes, Series 2024-1, Class A; US$56,060,000 6.211% Fixed Rate Asset-Backed Notes, Series 2024-1, Class B; US$48,051,000 6.751% Fixed Rate Asset-Backed Notes, Series 2024-1, Class C; US$16,017,000 7.532% Fixed Rate Asset-Backed Notes, Series 2024-1, Class D; and US$26,695,711, Series 2024-1, Residual Interest Notes. The Class A Notes, Class B Notes, Class C Notes, and Class D Notes are secured by the proceeds of a portfolio of 107 aviation loans secured by 225 assets.

The Arnold & Porter team was led by partner Daniel Hartnett and included senior counsel Joel Greenberg, counsel Catherine Hagerty, and associates Ashleigh Heffernan, Rachel Mower, and Bethany Tolentino with respect to corporate matters; partner David Sausen and senior associate Gus Weinkam on tax matters; partners Stephen Culhane and Simon Firth on investment management matters; counsel Kathleen Wechter on ERISA matters; and counsel John Rynkiewicz on intellectual property matters. The team from the firm’s Chicago, Denver, New York, and London offices has worked with affiliates of the issuers since their applicable formation.