GREENWICH, Conn., July 30, 2018 Burnham Sterling & Co. LLC (Burnham Sterling), a financial advisory firm specializing in large asset financing, today announced it acted as exclusive financial advisor to Hawaiian Airlines HA, +0.00% for the Japanese yen (JPY)-denominated financings of two Airbus A321neo aircraft. The transactions are Hawaiian's first-ever JPY financings.
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April 2020$122.5MM
Arranged senior financing on new freighter aircraft for Deutsche Post.Request more information
March 2020$75.0MM
Arranged senior financing on new freighter aircraft for Deutsche Post.Request more information
March 2020$209.5MM
Arranged senior financing on new narrowbody and widebody aircraft for Delta. Request more information
February 2020$75.0MM
Arranged senior financing on new freighter aircraft for Deutsche Post. Request more information
February 2020$57.5MM
Arranged senior financing on new narrowbody aircraft for Delta. Request more information
January 2020$20.5MM
Arranged senior financing on new narrowbody aircraft for Delta. Request more information
December 2019$1.3BN
Closed the reprofiling program for private placements and JOLCO financings for Avianca on 30 narrowbody and widebody aircraft.Request more information
September 2019JPY unannounced
Arranged Japanese Yen financing for Hawaiian Airlines secured by two A321neo and four A330 aircraft.Request more information
September 2019$72.0MM
Arranged senior financing on new narrowbody aircraft for Delta.Request more information
August 2019 $185.0MM
Arranged senior financing on new narrowbody and widebody aircraft for Delta.Request more information
July 2019$144.0MM
Arranged senior financing on new narrowbody aircraft for Delta.Request more information
June 2019$108.0MM
Arranged senior financing on new narrowbody aircraft for Delta.Request more information
June 2019$129.5MM
Arranged senior financing on new narrowbody aircraft for Delta.Request more information
April 2019$107.6MM
Arranged JOLCO debt and equity financing for Avianca on A320 aircraft.Request more information
April 2019
Awarded Latin American Deal of the Year 2018 Award by AirFinance Journal (Euromoney).Request more information
March 2019$56.4MM
Arranged JOLCO debt and equity financing for Avianca on A320 aircraft.Request more information
September 2018$122.4MM
Arranged JOLCO equity financing for Avianca on one 787-8 aircraft.Request more information
July 2018$52.5MM
Arranged JOLCO debt and equity financing for Avianca on one A320neo aircraft.Request more information
June 2018¥9.6 billion
Arranged Japanese Yen financing for Hawaiian Airlines secured by two A321neo aircraftRequest more information
December 2017$160.9 MM
Closed sale of senior loans for Airbus secured by two A330 aircraft owned by Avolon under joint mandate with RW Pressprich & Co. Request more information
December 2017$107.0 MM
Arranged JOLCO debt and equity financing for Avianca on one 787 aircraft. Request more information
October 2017$100.5 MM
Arranged JOLCO debt and equity financing for Avianca on two A320 aircraft. Request more information
August 2017$23.8 MM
Closed sale of fixed-rate debt originated under July 2017 capital lease restructuring to US regional bank. Request more information
July 2017$23.8 MM
Converted existing capital leases into fixed-rate debt for major US airline. Request more information
April 2017$91.3MM
Closed purchase of floating-rate senior secured loans under December 2016 agreement with major institutional investor under proprietary EAIV ®2 structure.Request more information
April 2017$64.2 MM
Closed purchase of fixed-rate senior secured loans under December 2016 agreement with major US institutional investor under proprietary EAIV ®2 structure.Request more information
December 2016$155.5 MM
Entered into agreement to purchase fixed- and floating-rate senior secured loans under with existing lender under proprietary EAIV ®2 structure.Request more information
December 2016$91 MM
Closed final tranche of funding for Avianca under proprietary EAIV ®2 structure mandated in JulyRequest more information
November 2016$15 MM
Closed $15 MM of senior financing for leasing company secured by aircraft operated by IberiaRequest more information
September 2016$33 MM
Closed second tranche of multi-currency funding for Avianca under proprietary EAIV ®2 structure mandated in JulyRequest more information
August 2016$33 MM
Closed first tranche of multi-currency funding for Avianca under proprietary EAIV ®2 structure mandated in JulyRequest more information
July 2016$157 MM
Retained by Avianca to arrange multi-currency senior and mezzanine financing secured by narrowbody and widebody aircraft under proprietary EAIV ®2 structureRequest more information
July 2016$20 MM
Together with our affiliate, Greenwich Aircraft Leasing, arranged the sale of 3 aircraft operated by American AirlinesRequest more information
March 2016$402MM
Closed balance of senior loan financing under January 2016 assignment for Delta with US and international investor participantsRequest more information
February 2016$48MM
Closed first tranche of senior loan financing under January 2016 assignment for Delta with US investor participantRequest more information
January 2016$450MM
Retained by Delta to arrange senior loan financing secured by narrowbody and widebody aircraftRequest more information
December 2015$88 MM
Closed final tranche of funding for Avianca under proprietary EAIV®2 structure mandated in JuneRequest more information
December 2015$45 MM
Closed two tranches of funding for NAC under proprietary SAFE®1 structure mandated in December 2014Request more information
October 2015$259 MM
Closed three tranches of funding for Avianca under proprietary EAIV®2 structure mandated in JuneRequest more information
September 2015$45 MM
Closed two tranches of funding for NAC under proprietary SAFE®1 structure mandated in December 2014Request more information
July 2015$33 MM
Closed first tranche of funding for Avianca under proprietary EAIV®2 structure mandated in JuneRequest more information
July 2015$300MM
Retained by Hawaiian Airlines under multi-year agreement to finance A320neos under proprietary EAIV®2 and Japanese lease structuresRequest more information
June 2015$379 MM
Mandated to place secured financings under May 2014 agreement with Avianca under proprietary EAIV®2 structureRequest more information
March 2015$45 MM
Closed first tranche of funding for NAC under proprietary SAFE®1 structure mandated in DecemberRequest more information
January 2015TBD
Entered into long-term agreement with major global money manager to provide price data on private transactions in its portfolio.Request more information
January 2015$130 MM
Completed November 2011 assignment for Vedder Price-led US investor group as financial advisor for the restructuring of 30 aircraft operated by American Airlines.Request more information
December 2014$165 MM
Mandated by Nordic Aviation Capital (NAC) to arrange $165 million of financing under proprietary SAFE®1 structureRequest more information
December 2014$125 MM
Closed issuance of senior secured notes under May 2014 agreement with Avianca under proprietary EAIV®2 structure. Request more information
December 2014$80 MM
Closed sale of widebody aircraft subject to lease to Alitalia under June 2014 assignment with Airbus.Request more information
November 2014$28 MM
Closed issuance of senior secured notes under May 2014 agreement with Avianca under proprietary EAIV®2 structure. Request more information
September 2014$647 MM
Closed senior secured loan financing under August 2014 assignment for Delta with major US institutional investors, banks and finance companies.Request more information
July 2014$647 MM
Retained by Delta to arrange senior loan financing secured by widebody aircraft.Request more information
June 2014$68 MM
Closed senior secured financing to AerCap under May 2013 agreement with major US institutional investor under proprietary EAIV®2 structure.Request more information
June 2014$80 MM
Retained by Airbus to arrange sale of widebody aircraft subject to lease to Alitalia.Request more information
June 2014$196 MM
Closed purchase of senior secured loans under May 2013 agreement with major US institutional investor under proprietary EAIV®2 structure.Request more information
May 2014$700 MM
Retained by Avianca to arrange senior loan, Japanese and German lease financings under multiyear agreement.Request more information
April 2014$184 MM
Closed sale of senior loans for United Technologies under January 2014 assignment.Request more information
February 2014$208 MM
Closed purchase of senior secured loans under May 2013 agreement with major US institutional investor under proprietary EAIV®2 structure.Request more information
December 2013$184 MM
Retained by United Technologies to assist in selling senior loans held in its portfolio.Request more information
June 2013$37 MM
Closed sale of bankruptcy claims for Pratt & Whitney under March assignment.Request more information
May 2013$2.0 Bil
Entered into multiyear agreement with major US institutional investor to fund up to $2.0 billion of Burnham-originated commercial transactions.Request more information
April 2013$45 MM
Closed sale/leaseback financing on one A320 aircraft for Go Air with US participant under August 2011 assignment.Request more information
March 2013$45 MM
Closed sale/leaseback financing on one A320 aircraft for Go Air with US participant under August 2011 assignment.Request more information
February 2013$37 MM
Retained by Pratt & Whitney to assist in selling bankruptcy claims in airline restructuring.Request more information
January 2013$67 MM
Closed operating leases on two A320 aircraft with European lessor under July 2012 operating lease assignment with SAS.Request more information
December 2012$45 MM
Closed sale/leaseback financing on one A320 aircraft for Go Air with US lessor under August 2011 assignment.Request more information
November 2012$1.2 Bil
Retained by Airbus under multiyear agreement to sell narrowbody jet aircraft subject to committed operating leases.Request more information
November 2012$500 MM
Retained by ATR to arrange commercial financing on regional aircraft under proprietary SAFE®1 structure.Request more information
September 2012$62 MM
Closed second of two sales of four commercial aircraft engines to Engine Alliance under June 2011 assignment for Airbus.Request more information
August 2012TBD
Entered into multi-year agreement with Koch Supply & Trading to develop and market risk management servicesRequest more information
July 2012$62 MM
Closed first of two sales of four commercial aircraft engines to Engine Alliance under June 2011 assignment for Airbus.Request more information
June 2012$112 MM
Retained as exclusive placesment agent by SAS to identify two additional A320 aircraft to lease in under operating leases.Request more information
June 2012$45 MM
Closed sale/leaseback financing on one A320 aircraft for Go Air with US lessor under August 2011 assignment.Request more information
May 2012$67 MM
Closed operating leases on three A320 aircraft with Middle Eastern lessor under May 2011 aircraft sourcing assignment with SAS.Request more information
December 2011$13 MM
Retained by Pratt & Whitney as financial advisor for the restructuring of ten aircraft and engines operated by American Airlines.Request more information
December 2011$89 MM
Closed operating leases on four A320 aircraft with US lessor under May 2011 aircraft sourcing assignment with SAS.Request more information
November 2011$130 MM
Retained by Vedder Price-led US investor group as financial advisor for the restructuring of 30 aircraft operated by American Airlines.Request more information
July 2011$180 MM
Retained as exclusive placement agent by Pratt & Whitney to arrange forward sale/leaseback financing on four new A320 aircraft.Request more information
June 2011$124 MM
Closed sale/leaseback with US participant on eight aircraft engines for Airbus.Request more information
April 2011$157 MM
Retained as exclusive placement by SAS to source seven A320 aircraft to lease in under operating leases.Request more information
February 2011$124 MM
Retained as exclusive placement agent by Airbus to arrange sale/leaseback financing on eight commercial aircraft engines.Request more information
August 2010TBD
Completed strategic consulting assignment for Westjet.Request more information
April 2010TBD
Started operations as Burnham Sterling & Co. LLCRequest more information
Published News
September 2020
Hedging Its Bets
Joon-Ho Lee, Senior vice-president at Burnham Sterling & Co, explains the benefits for Hawaiian Airlines of refinancing six aircraft with Yen-denominated loans.
December 2019
Burnham Sterling Advises Hawaiian Airlines on Japanese Yen Financing of Four Airbus A330 and Two A321neo Aircra ft
Wall Street Journal
GREENWICH, Conn., Dec. 9, 2019 /PRNewswire/ -- Burnham Sterling & Co. LLC (Burnham Sterling), a financial advisory firm specializing in large asset financing, today announced it acted as exclusive financial advisor and placement agent to Hawaiian Airlines (NASDAQ: HA) for the Japanese yen (JPY)-denominated financings of four Airbus A330 and two A321neo aircraft.
"Burnham Sterling helped us execute this very innovative financing with a fixed coupon well under 1.0%," said Shannon Okinaka, Chief Financial Officer at Hawaiian Airlines. "This financing solution has been a win-win for Hawaiian, as it serves the dual purpose of providing a natural hedge to our growing JPY revenues while lowering our all-in financing cost. Most importantly, we were introduced to eight new investors in the Japanese market by the Burnham team, which all took place in the transaction."
"The success of this transaction was attributable to identifying first-time investors for Hawaiian, including Japanese regional banks, leasing and insurance company participants. We were especially pleased Hawaiian achieved Yen pricing below their swapped USD debt pricing," said Michael Dickey Morgan, Executive Managing Director at Burnham Sterling. "This follows our first successful JPY transaction we completed for Hawaiian last year. It was exciting to see our deep placement capabilities expand access and increase investor demand for Hawaiian."
Burnham Sterling structured and placed the transaction with eight institutional investors in Japan, all of which were first-time investors in Hawaiian.
About Burnham Sterling
Burnham Sterling is a specialized financial advisor focused on the transportation and other large asset financings. Burnham Sterling has closed billions of dollars in financings for clients such as Airbus, Avianca, Delta Air Lines, SAS, United Technologies Corporation, and many more. Transactions include debt placements, tax- subsidized leases and operating leases. Burnham Sterling is affiliated with Greenwich Aircraft Leasing, a lessor/manager of 32 commercial aircraft on lease to major airlines in Europe and the Americas. For more information visit the company's website at www.burnhamsterling.com.
For more information please contact: Matt Dallas
Burnham Sterling
+1 (203) 769-5916 matt.dallas@burnhamsterling.comView original content:http://www.prnewswire.com/news-releases/burnham-sterling- advises-hawaiian-airlines-on-japanese-yen-financing-of-four-airbus-a330-and-two- a321neo-aircraft-300970897.html
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1SAFE® means Structured Aircraft Financing Enhancement
2EAIV® means Enhanced Asset Investment Vehicle