Wings Capital Partners LLC (“Wings”) announced today the closing of a $500 million secured loan facility with a syndicate of four 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 young, in-demand, narrow-body commercial jet aircraft.
The lending group consists of Goldman Sachs Bank USA, Credit Agricole Securities, Natixis S.A. and Royal Bank of Canada. Goldman Sachs Bank USA acted as structuring agent for the facility.
“We are very pleased with the closing of this transaction. It provides access to efficient debt capital that allows Wings to execute on its business plan. Wings remains committed to the aviation leasing sector and the facility will support our growth initiatives for the platform. The support from our banking partners demonstrates the confidence the financial community has in our capabilities and business model,” said Jakob Gallagher, Vice President – Treasurer & Capital Markets.