NEWPORT BEACH, Calif., Sept 24 (Bernama-BUSINESS WIRE) — 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.