Wings Capital closes revolver, proactively refinances term loan

Chicago, Oct. 11 – Wings Capital Partners LLC closed on a revolving credit facility provided by City National Bank, according to a press release.

This is the first unsecured revolver for the company.

Proceeds may be used for general corporate purposes.

Additionally, Wings recently completed the refinancing of four aircraft in a $75 million secured loan facility.

The company proactively refinanced the term loan using its existing warehouse loan facility.

The refinancing eliminates the company’s only near-term debt maturity.

Wings is an aircraft leasing company based in Newport Beach, Calif.

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