Danbury, CT, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Global Jet Capital, a global leader in financial solutions for business aircraft, announced today the closing of its BJETS 2024-2 securitization, raising approximately $617 million. BJETS 2024-2 is Global Jet Capital's eighth asset-backed security (ABS) offering, bringing total assets securitized to approximately $5.8 billion and bonds issued to approximately $4.8 billion.
The BJETS 2024-2 offering contained three tranches of notes: a $490.4 million Class A tranche, a $79.4 million Class B tranche, and a $47.3 million Class C tranche. S&P Global Ratings and Kroll Bond Rating Agency LLC assigned BJETS 2024-2 ratings of A/A, BBB+/BBB and BB/BB on the Class A, B and C tranches, respectively. The transaction attracted 37 unique investors, 8 of which were new to the BJETS program.
As with previous BJETS issuances, ...
