Maples and Calder and Maples Fiduciary recently assisted AerGen
in connection with the US$324.7 million asset backed loan
securitisation of a portfolio of 19 narrow body aircraft by Harbour
Aircraft Investments Limited (the
"Borrower"). This was the debut
ABS issuance by AerGen, who is a relative newcomer in the aircraft
leasing market, and all three tranches of the issuance were
Aergen Aviation Finance Limited will act as servicer to the
portfolio and Maples Fiduciary Services (Ireland) Limited will act
as Managing Agent to the Borrower. DVB Bank SE provided the
liquidity facility to the Borrower, while Deutsche Bank Securities
Inc. and Goldman Sachs Lending Partners LLC acted as joint lead
arrangers for the offering.
Maples and Calder provided Cayman Islands legal advice and
support to the Borrower through its Cayman Islands office, and also
provided Irish legal advice to the Managing Agent through its
In its role as Managing Agent, Maples Fiduciary will provide
cash management and calculation services, issue monthly statements
to loan holders and investors and offer its full suite of company
secretarial and accounting services to the Borrower. In
addition, Maples Fiduciary is engaged to provide directorship
services to the Board of the Borrower entity and to each of its
The Maples and Calder team in the Cayman Islands was led by
partner Tina Meigh and associate Barnabas Finnigan, with assistance
from associate Shari McField, and in Dublin by partner Donna Ager
with assistance from associate Aine O'Hara. The Maples
Fiduciary team was led by Stephen O'Donnell with assistance
from Jarlath Canning, Julian Dunphy and Paul Griffin.
Mark Western, head of Maples and Calder's Asset Finance
practice, commented: "We are pleased to have assisted our
client AerGen in their debut ABS issuance. This transaction
further solidifies the unmatched expertise and advice the Maples
group provides to our clients and we look forward to continuing to
work with AerGen."
About Maples and Calder
Maples and Calder is a leading international law firm advising
financial, institutional, business and private clients around the
world on the laws of the Cayman Islands, Ireland and the British
Virgin Islands. Maples and Calder has offices in the British
Virgin Islands, Cayman Islands, Dubai, Dublin, Hong Kong, London
With a reputation as an innovative, entrepreneurial firm, Maples
and Calder is known worldwide as a market leader with highly
qualified lawyers who are specialists in their respective practice
MaplesFS, through its divisions Maples Fiduciary, Maples Fund
Services and Maples Private Client Services, is an independent
global provider of specialised fiduciary, corporate formation,
administration and trust and private client services. With
offices in key locations around the world, its clients include
global financial institutions, institutional investors, investment
managers and international corporations.
MaplesFS leverages its affiliation with international law firm,
Maples and Calder, to provide professional and timely advice that
draws upon jurisdictional knowledge and experience. For more
information, please visit www.maplesfs.com.
This webcast focuses on the impact FATCA and CRS are having on structured finance vehicles set up in the BVI, Cayman Islands and Ireland and covers in detail the impending reporting and notification deadlines in each of these jurisdictions.
On the 9 September 2016 the MFSA issued feedback to its consultation of the 1 April 2016 in relation to intra-group loans.
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