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
pro-davidsonkempner@prosek.com
Atalaya Capital Management
Ben Howard
Bhoward@prosek.com
Crestone Air Partners
Kevin Milligan
k.milligan@crestoneairpartners.com
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SOURCE Ashland Place
