Danbury, CT, April 16, 2024 (GLOBE NEWSWIRE) -- Global Jet Capital, a global leader in financial solutions for business aircraft, announced today the closing of its BJETS 2024-1 securitization, raising approximately $575 million. BJETS 2024-1 is Global Jet Capital's seventh asset-backed security (ABS) offering, bringing total assets securitized to approximately $5.1 billion and bonds issued to approximately $4.2 billion. The BJETS 2024-1 offering contained three tranches of notes: a $459.9 million Class A tranche, a $73.0 million Class B tranche, and a $42.0 million Class C tranche. S&P Global Ratings and Kroll Bond Rating Agency LLC assigned BJETS 2024-1 ratings of A/A, BBB+/BBB and BB/BB on the Class A, B and C tranches, respectively. The transaction attracted 38 unique investors, 7 of which were new to the BJETS program. As with previous BJETS issuances, ...