KBRA Assigns Preliminary Ratings to Castlelake Aircraft Structured Trust 2025-2
16 Jul 2025 | New York
KBRA assigns preliminary ratings to Castlelake Aircraft Structured Trust 2025-2 (CLAS 2025-2), an aviation ABS transaction. CLAS 2025-2 represents the 12th public securitization sponsored by Castlelake, L.P. (the Company). The Company is comprised of 70 individuals operating out of nine offices with headquarters in Minneapolis, Minnesota. As of March 2025, the Company has invested more than $22 billion in aviation assets and has more than 250 owned and managed assets.
Proceeds from the Series A Notes, Series B Notes and Series C Notes will be used to acquire a portfolio of 26 assets (the Portfolio), consisting of 23 narrowbody aircraft (76.1% by value) and three widebody freighter aircraft (23.9%). These assets are on lease (or expected to be on lease) to 21 lessees located in 16 jurisdictions. As of July 31, 2025, the weighted average age of the Portfolio is approximately 12.0 years, and the weighted average remaining term of the initial lease contracts is approximately 4.8 years. The Portfolio has an initial value of approximately $719.6 million.
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