NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Wings Capital Partners LLC (“Wings”) announced today the closing of 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 AG, New York Branch; BNP Paribas; Credit Agricole Securities; Goldman Sachs Bank USA; MUFG Union Bank N.A.; and Natixis S.A. Deutsche Bank AG 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.
About Wings Capital Partners
Wings Capital Partners is a privately held aircraft operating lessor principally focused on the acquisition and management of narrow-body, in-production commercial jet aircraft on lease to airlines around the world. The company was founded in 2013 and is owned by Sightway Capital, Corrum Capital and the Wings management team. www.wingscap.com