Wings Capital Partners closes refinancing

Wings Capital Partners has closed an unsecured corporate revolving credit facility provided by City National Bank. In addition, Wings recently completed the refinancing of four aircraft in a $76m secured loan facility. Jakob Gallagher, Senior Vice President, Treasurer & Head of Capital Markets said: “We are very pleased with the closing of both transactions. Our first unsecured revolving credit facility provides operational flexibility to efficiently finance our day-to-day business. In addition, the refinancing shows our ability to continue to execute in these challenging markets and improves our balance sheet by eliminating our only near-term debt maturity. Wings appreciates the continued