Wings Capital Partners Announces the Closing of a Secured Loan Facility
June 16, 2015 | By Business Wire News
NEWPORT BEACH, Calif.
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.”
About Wings Capital Partners
Founded in 2013 by R. Stephen Hannahs and Two Sigma Private Investments, Wings Capital Partners makes targeted, non-passive equity investments in commercial aircraft, related assets, and aviation companies, with a focus on the mid-life narrow body commercial aircraft sector.
About Two Sigma Private Investments
Two Sigma Private Investments (TSPI) is the private markets investment division of Two Sigma. Since 2008, TSPI has focused on making investments in private equity, credit & special opportunities, real assets and venture capital primarily on behalf of proprietary capital of Two Sigma. The TSPI team is comprised of experienced professionals investing both directly and in partnership with other successful investment managers. TSPI seeks to capitalize on advantages afforded by its flexible capital approach and the strengths of the Two Sigma platform, while benefiting from Two Sigma’s highly disciplined, institutional management. For more information please visit: www.twosigmaprivateinvestments.com.
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Wings Capital Partners
Cathy Egan, 949-945-6177
media@wingscap.com