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Wings Capital Partners LLC Announces the Issuance of $480,067,000 Secured Notes

NEWPORT BEACH, Calif., Nov 09, 2017 (BUSINESS WIRE) --

Wings Capital Partners LLC ("Wings") announced today the issuance of $480,067,000 of fixed rate secured notes (the "Notes") by WAVE 2017-1 LLC and WAVE 2017-1 Limited ("WAVE"), comprised of $393,308,000 of 3.844% Series A Notes, $57,839,000 of 5.682% Series B Notes and $28,920,000 of 6.656% Series C Notes. Proceeds from the issuance of the Notes will be used by WAVE to acquire a portfolio of 19 Airbus and Boeing jet aircraft consisting of 18 narrowbody jet aircraft and 1 widebody jet aircraft on lease to a diversified pool of 17 customers in 14 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, Credit Agricole Securities and Wells Fargo Securities acted as Co-Structuring Agents and Joint Bookrunners on the transaction.

Wings and WAVE were advised by Clifford Chance US LLP, and Milbank, Tweed, Hadley & McCloy LLP acted as counsel to the Structuring Agents and Bookrunners.

About Wings Capital Partners

Wings Capital Partners is a private company that owns and manages predominantly single-aisle, in-production commercial jet aircraft on lease to airlines around the world. The company was formed in 2013 by R. Stephen Hannahs and Two Sigma Private Investments, and has added Corrum Capital Management as a second principal investor.

The Notes have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and were offered only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States to non-U.S. persons in accordance with Regulation S under the Securities Act. This press release is not an offer of securities for sale in the United States. The Notes may not be offered or sold in the United States absent registration under the Securities Act or pursuant to an applicable exemption from the registration requirements of the Securities Act.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor will there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20171109005473r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20171109005473/en/

SOURCE: Wings Capital Partners

Wings Capital Partners 
Cathy Egan, (949) 945-6177

Copyright Business Wire 2017

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