NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Wings Capital Partners LLC (�Wings�) announced the closing of an unsecured corporate revolving credit facility provided by City National Bank.
In addition, Wings recently completed the refinancing of four aircraft in a $76m secured loan facility. The term facility was due to mature early next year and Wings proactively refinanced the vehicle using its existing warehouse loan facility.
�We are very pleased with the closing of both transactions. Our first unsecured revolving credit facility provides operational flexibility to efficiently finance our day-to-day business. In addition, the refinancing shows our ability to continue to execute in these challenging markets and improves our balance sheet by eliminating our only near-term debt maturity,� said Jakob Gallagher, Senior Vice President � Treasurer & Head of Capital Markets. �Wings appreciates the continued support from our financing partners, which allows us to efficiently execute on our business plan and navigate the evolving markets.�
About Wings Capital Partners
Wings Capital Partners LLC (Wings) is a private, full-service aircraft leasing platform primarily investing in single-aisle, in-production commercial jet aircraft on lease to airlines around the world. Led by best-in-class management team with significant aviation leasing experience and long-standing airline, lessor, banking, investor, and legal relationships.
Wings is owned by active investors, Corrum Capital Management, Sightway Capital, a Two Sigma company, and the Wings Executive Team. www.wingscap.com
Contacts
Media Contact:
Cathy Egan
media@wingscap.com