KUALA LUMPUR, Oct 1 -- Wings Capital Partners LLC (Wings) has announced the issuance of US$678,075,000 of fixed rate secured notes by WAVE 2019-1 LLC and WAVE 2019-1 Limited (WAVE).
The notes comprise US$555,531,000 of 3.597 per cent Series A Notes, US$81,696,000 of 4.581 per cent Series B Notes and US$40,848,000 of 6.413 per cent Series C Notes.
Proceeds will be used by WAVE to acquire a portfolio of 23 Airbus and Boeing jet aircraft, consisting of 100 per cent in-production narrowbody jet aircraft on lease to a diversified pool of 17 customers in 13 countries.
Wings and its Irish affiliate, Wings Capital Partners Aviation Ireland Limited, will act as servicers with respect to the aircraft.
Goldman Sachs & Co LLC is the Global Coordinator, Lead Bookrunner and Lead Structuring Agent; Deutsche Bank Securities is a Joint Lead Bookrunner; and, Credit Agricole Securities is a Joint Structuring Agent and Joint Lead Bookrunner.
In addition, Credit Suisse Securities (USA) LLC, MUFG, Natixis and BNP Paribas are Passive Bookrunners for the transaction.
Credit Agricole Corporate and Investment Bank, acting via its New York branch, provides the liquidity facility and standby letter of credit for the benefit of the issuers.
Wings and WAVE were advised by Clifford Chance US LLP and Milbank LLP acted as counsel to the Structuring Agents and Bookrunners and also for the Liquidity Facility Provider and the issuer of the standby letter of credit.
-- BERNAMA
No comments:
Post a Comment