Pk airfinance issues inaugural $622 million aviation loan abs

New york, july 11, 2024 (globe newswire) -- pk airfinance (“pk”), a leading aviation lending platform and affiliate of apollo (nyse: apo), has closed its inaugural aircraft loan asset-backed securitization: pk alift loan funding 3 series 2024-1 (“pkair 2024-1”). pkair 2024-1 issued over $622 million of notes that will be used to acquire the rights to the economics of a portfolio of aviation loans via the acquisition a 100% series limited partnership interest in a pk-managed origination vehicle.
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