Wings Capital Partners closed a $500 million secured loan facility with a lending group consisting of Goldman Sachs Bank, Credit Agricole Securities, Natixis and the Royal Bank of Canada. Goldman Sachs Bank acted as structuring agent for the facility.
The five-year loan facility contains a two-year acquisition period and can be upsized to $750 million. Wings Capital Partners, an aircraft leasing platform, will use the financing to acquire a portfolio of predominantly narrow-body commercial jet aircraft.
“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,” Jakob Gallagher, vice president – treasurer and capital markets at Wings Capital Partners, said.