US$ 480 Million Asset Backed Securitization Deal
Canyon CTS is pleased to announce that Canyon Financial Services Limited (“Canyon”) has been appointed as Managing Agent WAVE 2017 – 1 US$ 480 million debut Asset Backed Securitization (ABS) of a portfolio of 19 aircraft by Wings Capital Partners.
The inauguraltransaction closed November 17, 2017. The aircraft will initially be leased to 17 commercial airlines located in 14 countries. The transaction was rated by Standard & Poor’s Financial Services and by Kroll Bond Rating Agency.
Alongside Canyon in our role of Managing Agent for the transaction, Wings Capital Partners LLC and its Irish affiliate, Wings Capital Partners Aviation Ireland LtdServicers, Goldman Sachs, Crédit Agricole Securities Wells Fargo Securities are the Co-Structuring Agents and Joint Bookrunners, Wells Fargo Bank is the Trustee and Crédit Agricole CIB is providing the Liquidity Facility.