Phoenix Aviation Capital and AIP Capital Announce Closing of $300m Senior Secured Credit Facility

Expands Lender Relationships to Further Support Platform's Growth

DUBLINandSTAMFORD, Conn.andNEW YORK,June 11, 2025/PRNewswire/ -- Phoenix Aviation Capital ("Phoenix"or"the Company"), a full-service aircraft lessor managed by AIP Capital ("AIP") and a portfolio company of funds advised or controlled by affiliates of BC Partners Advisors L.P. announced the closing of a$300 millionsenior secured credit facility ("the facility").

Royal Bank ofCanada("RBC") acted as Structured Agent. RBC, Citibank and Morgan Stanley acted as Joint Lead Arrangers. The facility will be used to refinance seven assets currently owned byPhoenixand provide future funding for new asset acquisitions.

"This facility represents another key milestone inPhoenix'sexpansion of its lender group and availability of debt capital,"saidJared Ailstock, Managing Partner at AIP."We are grateful for the support from the bank group as we continue to execute onPhoenix'sgrowth strategy."

"Closing this facility through a combination of new lenders and existing banks demonstrates the supportPhoenixand AIP have in the aviation bank market,"saidPatrick Schafer, Managing Director at BC Partners and board member ofPhoenix."The facility will providePhoenixwith additional capacity and flexibility to support the Company's airline customers."

Vedder Priceserved as transaction counsel and PwC acted as tax advisor toPhoenixand AIP.McCann Fitzgeraldalso acted in capacity as Irish counsel toPhoenixand AIP.Clifford Chanceserved as transaction counsel to the lenders.

About AIP Capital

AIP Capital (AIP) is a global alternative investment manager focused on opportunities in asset-based finance including aviation and equipment finance. AIP, together with its affiliates, manages approximately$4 billionof assets on behalf of a diversified global investor base. The AIP team is comprised of more than 30 experienced professionals across AIP's offices inStamford, New YorkCity,Dublin, andSingapore. For more information about AIP Capital or to speak with company executives, please contactinvestor.relations@aipcapital.com.

About BC Partners& BC Partners Credit

BC Partners is a leading international investment firm in private equity, private debt, and real estate strategies. BC Partners Credit was launched inFebruary 2017, with a focus on identifying attractive credit opportunities in any market environment, often in complex market segments. The platform leverages the broader firm's deep industry and operating resources to provide flexible financing solutions to middle-market companies across Business Services, Industrials, Healthcare and other select sectors. For further information, visitwww.bcpartners.com/credit-strategy.

Media Contacts

AIP Capital

Geoffrey Bayers

investor.relations@aipcapital.com

BC Partners

Luke Charalambous

Luke.Charalambous@BCPartners.com

+44 7775 180 721

SOURCE AIP Capital