Wings Capital Partners issued $678.075 million in fixed rate secured notes via WAVE 2019-1 and WAVE 2019-1, comprised of $555.531 million in 3.597% Series A notes, $81.696 million in 4.581% Series B notes and $40.848 million in 6.413% Series C notes.

Proceeds from the issuance of the notes will be used by WAVE to acquire a portfolio of 23 Airbus and Boeing jet aircraft consisting of 100% 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, will act as servicers with respect to the aircraft.

Goldman Sachs & Co. acted as global coordinator, lead bookrunner and lead structuring agent, Deutsche Bank Securities as joint lead bookrunner and Credit Agricole Securities as joint structuring agent and joint lead bookrunner on the notes. Additionally, Credit Suisse Securities (USA), MUFG, Natixis and BNP Paribas acted as passive bookrunners on the transaction.

Credit Agricole Corporate and Investment Bank, acting through its New York branch, provided the liquidity facility and a standby letter of credit for the benefit of the issuers.

Wings and WAVE were advised by Clifford Chance. Milbank acted as counsel to the structuring agents, bookrunners, the liquidity facility provider and the issuer of the standby letter of credit.

Wings Capital Partners is a private, full-service aircraft leasing platform primarily investing in single-aisle, in-production commercial jet aircraft on lease to airlines around the world. It is owned by active investors, Sightway Capital, Corrum Capital Management and the Wings management team.