Business Wire

Triton Aviation Finance Announces That It is Considering Strategic Alternatives

8.4.2017 01:06 | Business Wire

Del

Triton Aviation Finance, a Delaware statutory trust (“TAF”), announced today that it is evaluating its strategic alternatives. TAF has engaged Latham & Watkins LLP as legal counsel to assist with this evaluation. These options include, among other things, a liquidation and distribution of TAF’s remaining assets pursuant to an equitable proceeding under state law. While TAF considers these and other alternatives, it expects to continue to make interest payments on the Subclass A-1 notes as required by the Trust Indenture, dated as of June 22, 2000 (as supplemented by that certain Indenture Supplement, dated as of November 30, 2001, that certain Second Indenture Supplement, dated as of September 27, 2012, and that certain Third Indenture Supplement, dated as of September 30, 2013, the “Indenture”), among TAF, as the issuer, TAL2 LLC, a Delaware limited liability company, in its capacity as cash manager, and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company), as Trustee. However, TAF does not expect, after giving effect to required payments of expenses and establishment of reserves, to have funds available for principal distributions outside of a formal resolution. TAF is considering all of its options at this time.

Any questions may be directed to TAF at (415) 795-2085 or rbrinkman@t-aviation.com.

____________

Forward-Looking Statements

This press release contains forward-looking statements. These forward-looking statements are based on management’s current expectations of future events and involve substantial risks and uncertainties, many of which are outside of TAF’s control, which could cause actual results to differ materially from those contemplated or implied by such forward-looking statements. In particular, no assurance can be made that TAF will engage in a formal process in the near term, or take any action at all. TAF is under no obligation to update any forward-looking statements contained herein should material facts change due to new information, future events or otherwise. You should not place undue reliance on any forward-looking statement. Any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by law, TAF does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact information

Triton Aviation Finance
Raquel Brinkman, 415-795-2085
rbrinkman@t-aviation.com

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