Wings Capital Partners closes $500million secured loan facility

victoria@aviationnews-online.com
By victoria@aviationnews-online.com June 22, 2018 14:59

Wings Capital Partners closes $500million secured loan facility

Wings Capital Partners has closed a $500 million secured loan facility with a syndicate of six major international banks. The five-year loan facility contains a two-year acquisition period and can be upsized to $750 million. The facility will be used to acquire a portfolio of predominantly narrow-body commercial jet aircraft.

The lending group consists of Deutsche Bank, BNP Paribas, Credit Agricole Securities, Goldman Sachs, MUFG Union Bank and Natixis. Deutsche Bank acted as structuring agent for the facility.

“We are very pleased to close this significant new facility for Wings. The support from our banking partners demonstrates the confidence the financial community has in our capabilities and business model,” said Bryan Billings, Managing Director and CFO of Wings.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com June 22, 2018 14:59