Media Coverage
Source: Airline Economics
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
02.10.17
With counsel from a team of Pillsbury lawyers, Mizuho Securities USA Inc. acted as the structuring agent and bookrunner in a transaction between Labrador Aviation Finance Ltd. and GE Captial Aviation Services Ltd. (GECAS). Mizuho is known in the aviation industry for its ability to assist organizations with broadening their investor base.
In the deal, which closed in December 2016, Labrador acquired 20 commercial aircraft from affiliates of GECAS. The aircraft span 15 countries and are used by 16 airlines. Though the transaction was for $709 million, the portfolio was initially valued at $928 million.
The Pillsbury team that advised Mizuho was led by Finance partner Mark Lessard and included Corporate & Securities partner David Baxter, Tax partner Harsha Reddy and Transportation Finance partner Jonathan Goldstein; Transportation Finance counsel Melissa Jones-Prus; Transportation Finance special counsel Jason Greenberg; Corporate & Securities senior associate Matthew Kane; and Transportation Finance associates William DeCotiis, David Flickinger, John Hunt and Issac Lee; and senior legal analyst Bernadette Ryan.