Global Jet $2.5 billion acquisition of General Electric corporate airc

Value:

$ 2.5 billion

Status:

Completed

Date:

6/10/2015

Global Jet Capital, a financial services company, has acquired General Electric's corporate aircraft financing portfolio from General Electric Capital Corporation for $2.5 billion.
JP Morgan Securities acted as financial adviser to General Electric.
Deutsche Bank Securities, BofA Merrill Lynch and Citi acted as financial advisers to Global Jet.
Global Jet obtained a $2.31 billion credit facility to finance the acquisition.
Global Jet Capital was launched in 2014 and is capitalized by GSO Capital Partners, The Carlyle Group and AE Industrial Partners.

Rani Mehta - Journalist