Copying and distributing are prohibited without permission of the publisher
News Analysis: Awas goes to capital markets
27 August 2010
How the aircraft leasing company closed its $530 million term loan in June, despite chaos in the markets.
Read more:
Awas
Alan Stewart
capital markets
Goldman Sachs
It was a decisive moment. On May 26, wanting to get back to his knife skills class, a birthday present from a close friend, Alan Stewart reluctantly took a call from a banker. Late at night, pacing up and down the halls of an industrial building, a week after Awas’s $530 million term loan launched - and in the thick of the Greek debt crisis - the chief financial officer (CFO) of Awas had to sign off on a final detail of the company’s first capital markets transaction before commitments were due. Since the deal officially closed on June 10, Stewart has decided to move on from the leasing sector and will be taking on the role of CFO for British retailer, Marks & Spencer. However, executing the lessor’s first capital markets transaction is a significant accomplishment both for Stewart personally and professionally. The $530 million six-year senior secured term loan refinanced...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
