MAY 9TH, 2017
Arctic Aviation Asset closes PDP financing of 4 B787-9
Norwegian’s leasing platform Arctic Aviation Asset closed on 3 May a PDP financing for four B787-9 aircraft to be delivered in Q4 2017 and Q1 2018.
DVB is the arranger and lender of the PDP financing providing a revolving credit facility.
Pillsbury is the legal advisor for DVB and Hogan Lovells acted for Norwegian/Arctic.
About DVB Bank SE
DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading specialist in the international Transport Finance business. The Bank offers integrated financing solutions and advisory services in respect of Shipping Finance, Aviation Finance, Offshore Finance and Land Transport Finance. DVB is present at all key international financial centres and transport hubs: at its Frankfurt/Main head office, as well as various European locations (Amsterdam, Athens, Hamburg, London, Oslo and Zurich), plus offices in the Americas (New York City and Curaçao) and in Asia (Singapore and Tokyo). DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501). More information is available on www.dvbbank.com.