Presale: Sprite 2017-1 Ltd./Sprite 2017-1 US LLC - S&P Global Ratings’ Credit Research

Presale: Sprite 2017-1 Ltd./Sprite 2017-1 US LLC

Presale: Sprite 2017-1 Ltd./Sprite 2017-1 US LLC - S&P Global Ratings’ Credit Research
Presale: Sprite 2017-1 Ltd./Sprite 2017-1 US LLC
Published Nov 08, 2017
37 pages (13608 words) — Published Nov 08, 2017
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Sprite 2017-1 Ltd. (Sprite 2017-1) is a newly established limited company organized under the laws of the Cayman Islands. Sprite 2017-1 and the co-issuer, Sprite 2017-1 US LLC , will issue the series A, B, and C fixed-rate notes under an indenture and use the proceeds from it to acquire 21 aircraft. The portfolio comprises 18 narrow-body passenger planes (eight A320 family and 10 B737-800s) and three wide-body passenger planes (one A330-300 and two B777-300ER). The 21 assets are currently leased to 15 airlines worldwide. They have a weighted average age of approximately 8.9 years and a remaining average lease term of approximately 3.8 years. Sprite Aviation Holdings DAC is the seller, and the servicer is World Star Aviation (UK)

  
Brief Excerpt:

...Sprite 2017-1 Ltd. (Sprite 2017-1) is a newly established limited company organized under the laws of the Cayman Islands. Sprite 2017-1 and the co-issuer, Sprite 2017-1 US LLC , will issue the series A, B, and C fixed-rate notes under an indenture and use the proceeds from it to acquire 21 aircraft. The portfolio comprises 18 narrow-body passenger planes (eight A320 family and 10 B737-800s) and three wide-body passenger planes (one A330-300 and two B777-300ER). The 21 assets are currently leased to 15 airlines worldwide. They have a weighted average age of approximately 8.9 years and a remaining average lease term of approximately 3.8...

  
Report Type:

Presale Report

Sector
Structured Finance
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Presale: Sprite 2017-1 Ltd./Sprite 2017-1 US LLC" Nov 08, 2017. Alacra Store. May 03, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Presale-Sprite-2017-1-Ltd-Sprite-2017-1-US-LLC-1946890>
  
APA:
S&P Global Ratings’ Credit Research. (). Presale: Sprite 2017-1 Ltd./Sprite 2017-1 US LLC Nov 08, 2017. New York, NY: Alacra Store. Retrieved May 03, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Presale-Sprite-2017-1-Ltd-Sprite-2017-1-US-LLC-1946890>
  
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