Jun 2026
Conyers advises on FTAI Strategic Capital’s Inaugural US$612 Million Asset-Backed Securitization
Conyers provided Bermuda law advice and assistance to FTAI Strategic Capital in connection with FTAI MRE 2026-1 ABS, the inaugural US$612 million asset-backed securitization issuance out of FTAI’s Strategic Capital platform, which closed on 4 June 2026. The issuance is backed by a portfolio of 48 A320ceo and 737NG aircraft on lease to 23 airlines globally, all of which are being acquired by the ABS issuer from other FTAI entities.
ATLAS SP Partners and Deutsche Bank served as joint structuring agents and joint lead bookrunners on the transaction. BNP Paribas, Citigroup and PNC Capital Markets served as joint bookrunners and Standard Chartered Bank and KeyBanc Capital Markets served as co-managers. Gibson, Dunn & Crutcher LLP served as issuer’s US counsel, Milbank LLP served as initial purchaser’s US counsel and McGuireWoods LLP served as servicer’s US counsel. Pivotal Corporate AMS Limited are the managing agent and UMB Bank act as security trustee.
The Conyers team was let by Director Jason Piney and Partner Barnabas Finnigan with support from Senior Associate Jacari Brimmer-Landy and Associates Celine Collis, Nicole Yearwood, Evin Mosely and Lucy Macris. Director support for the ABS Issuer’s Bermuda aircraft owning subsidiaries was provided by Senior Vice President Terry-Ann Arch and the Conyers Governance team.