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QIC Private Debt closes Canadian airport infrastructure backed financing
Transactions - JUNE 14, 2024

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QIC Private Debt closes Canadian airport infrastructure backed financing

by Released

QIC Private Debt Infrastructure has reached financial close on a loan to a wholly owned subsidiary of Porter Aviation Holdings Inc.

The funding supports Porter’s overall growth as it continues expanding its presence with new routes across North America, including development of the first commercial aviation terminal at Montreal Metropolitan Airport and working capital for the company.

In addition to investment from two QIC-managed vehicles, Korean Investment & Securities (KIS) served as a co-investor and co-lead arranger.

QIC’s private debt infrastructure team acted as a lead arranger in this transaction. Financing was structured to facilitate a co-investment for KIS, led by David Guhn-Chang Lee, head of alternative investment management department, alongside the various funds managed by the QIC Private Debt Infrastructure team.

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