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Kaye Scholer Advises in Structured Debt Financing for Comair

November 15, 2012

Kaye Scholer assisted the British Airways regional airline in Africa, Comair, Inc., in its structured debt financing of three new Boeing 737-800 aircraft. The financing was provided by banks Investec plc and FirstRand Bank Limited, and had tranches denominated in dollars and South African rand. Repayment of the financing was guaranteed by the United States Export-Import Bank (Ex-Im Bank). The aggregate value of the financing was approximately $110 million.

The Kaye Scholer team was led by Stewart Herman, with assistance on opinion issues provided by Gary Bernstein and Michael Mulitz.

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