Dublin, Ireland – 11th November 2019 – Stellwagen Group, a specialized aviation asset manager, has today confirmed the closing on October 30th of a new $45 million corporate secured debt facility. The proceeds will be used to support the growth of Stellwagen Group.
“This capital raise, which coincides with the execution of our inaugural ABS issuance, is a further validation of the strength of the Stellwagen platform and underpins the attractiveness and credibility of Stellwagen as a corporate lending counterparty,” said David Butler, Group CEO. “This capital provides us considerable funding certainty to pursue additional co-investment opportunities in support of the growth of our portfolio of managed assets.”
On 30th October, Stellwagen Group announced the closing of its inaugural aviation ABS co-investment vehicle, ‘Raptor Aircraft Finance I Limited, 2019-1’ which offered $726 million of rated notes and $193 million of 144a tradeable equity E Notes .