NEWPORT BEACH, Calif., Oct 1 (Bernama-BUSINESS WIRE) –Wings Capital Partners LLC (“Wings”) announced today the issuance of $678,075,000 of fixed rate secured notes (the “Notes”) by WAVE 2019-1 LLC and WAVE 2019-1 Limited (“WAVE”), comprised of $555,531,000 of 3.597% Series A Notes, $81,696,000 of 4.581% Series B Notes and $40,848,000 of 6.413% Series C Notes. Proceeds from the issuance of the Notes will be used by WAVE to acquire a portfolio of 23 Airbus and Boeing jet aircraft consisting of 100% in-production narrowbody jet aircraft on lease to a diversified pool of 17 customers in 13 countries.
Wings and its Irish affiliate, Wings Capital Partners Aviation Ireland Limited, will act as servicers with respect to the aircraft.