Canyon is Managing Agent for WAVE 2019-1, a US$678 Million Asset Backed Securitization Deal for Wings Capital Partners
September, 2019: Canyon Financial Services Limited, a Vistra Group company (“Canyon”) is pleased to announce we have been appointed as the Managing Agent for Wings Capital Partners LLC WAVE 2019-1 Asset Backed Securitization (“ABS”) of US$678 million secured notes to finance a portfolio of aircraft.
The ABS portfolio consists of 23 aircraft, all of which are narrow-body aircraft, currently on lease to 17 lessees located in 13 countries.
“We are delighted to once again support Wings Capital Partners on their second ABS transaction. Our Aircraft/ABS division has collaborated successfully with Wings Capital Partners since 2017 and are excited to assist them with this financing.”
David Evans, Managing Director, North America, Canyon
Alongside Canyon in our role of Managing Agent for the transaction, Wings Capital Partners LLC and its Irish affiliate, Wings Capital Partners Aviation Ireland Ltd are the Servicers; Goldman Sachs is the Lead Structuring Agent and Lead Bookrunner; UMB Bank is the Security Trustee, Operating Bank and Trustee and Crédit Agricole CIB is providing the Liquidity Facility.