Vedder Price is pleased to announce that it acted as legal counsel to Magnetic Leasing in connection with the closing of a secured term loan with specialty finance and alternative asset management firm volofin Capital Management. 

The primary focus of the transaction is to finance mid-life narrowbody aircraft, engines, and landing gears and represents a first structured financing facility as part of ongoing expansion strategy efforts.

“We were pleased to see Magnetic Leasing achieve such an important development in their history with this transaction, and we look forward to collaborating with them for their future strategic endeavors as well,” said Neil Poland, Vedder Price Global Transportation Finance Partner. 

Magnetic Leasing is a sub-brand of Magnetic Group, a lessor and asset management company specializing in mid-end-of-life narrowbody assets.

In addition to Neil Poland, other members of the Vedder Price legal team included Josh Alexander, Jack Goold and Ben El-Gamal.