Wings Capital Partners LLC (âWingsâ) today announced the closing of a $ 500 million secured loan facility with a syndicate of four major international banks. The five-year loan facility has a two-year vesting period and can be extended to $ 750 million. The facility will be used to acquire a portfolio of predominantly young and in high demand narrow-body commercial jets.
The lending group consists of Goldman Sachs Bank USA, CrÃ©dit Agricole Securities, Natixis SA and Royal Bank of Canada. Goldman Sachs Bank USA acted as structuring agent for the facility.
âWe are very pleased with the closing of this transaction. It provides access to efficient debt capital that enables Wings to execute its business plan. Wings remains committed to the aircraft leasing industry and the facility will support our growth initiatives for the platform. the support of our banking partners demonstrates the confidence the financial community has in our capabilities and our business model, âsaid Jakob Gallagher, Vice President – Treasurer and Capital Markets.
About Wings Capital Partners
Wings Capital Partners LLC (Wings) is a private full-service aircraft leasing platform that invests primarily in production single-aisle commercial jets leased to airlines around the world. Led by best-in-class management team with significant experience in aircraft leasing (33 years on average for the senior team) and long-standing relationships with airlines, lessors, banks, investors and legal relationships.
Wings is owned by active investors, Corrum Capital Management, Sightway Capital, a Two Sigma company and the Wings management team.