Wings Capital Partners closed a $500 million secured loan facility with a syndicate of six major international banks including Deutsche Bank, New York Branch, BNP Paribas, Credit Agricole Securities, Goldman Sachs, MUFG Union Bank and Natixis.

Deutsche Bank acted as structuring agent on the transaction.

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 narrow-body commercial jet aircraft.

“We are very pleased to close this significant new facility for Wings. The support from our banking partners demonstrates the confidence the financial community has in our capabilities and business model,” said Bryan Billings, managing director and chief financial officer of Wings.

Founded in 2013, Wings Capital Partners is a privately held aircraft operating lessor principally focused on the acquisition and management of narrow-body, in-production commercial jet aircraft on lease to airlines around the world.