KUALA LUMPUR, Jan 31 -- Wings Capital Partners LLC (Wings) has announced the successful closing of US$125 million term loan, collateralised by a 777-200LRF on lease to Korean Airlines. (US$1 = RM4.09)
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.
According to Wings treasurer, Jakob Gallagher in a statement, this financing is consistent with their 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.”
Wings is a private, full-service aircraft leasing platform based in Newport Beach, California. The company primarily invests in single-aisle, in-production commercial jet aircraft from new to 10 years of age on lease to airlines, globally.
-- BERNAMA
No comments:
Post a Comment