Wings Capital Partners Announces the Closing of a Secured Loan Facility
Wings Capital Partners announced today the closing of a $200 million secured loan facility with Wells Fargo Bank, NA. The six year loan facility contains a revolving period of two years and can be upsized to $300 million. The facility will be used to acquire a portfolio of mid-life narrow body aircraft.
“We are very pleased with the support Wells Fargo has shown to Wings Capital Partners with the closing of this loan facility,” says R. Stephen Hannahs, Managing Director and CEO of Wings Capital Partners. “This facility demonstrates the confidence of the banking community in our business and capabilities.”