NEWPORT BEACH, Calif., Jan 31 (Bernama) — Wings Capital Partners LLC (“Wings”) announced the successful closing of a secured term loan collateralized by a 777-200LRF on lease to Korean Airlines. The three-tranche financing has a maturity coterminous with the lease tenor and was provided by a syndicate of financial institutions including Barings, Nord LB, Bayern LB, and Investec.
Jakob Gallagher, Treasurer at Wings, mentioned: “This financing is consistent with our strategic initiatives of diversifying sources of financing and managing asset liability. The tenor and structure provide both a long-term solution for this asset and additional flexibility as Wings continues to build out its balance sheet.”