Stellwagen Group Launches Inaugural Co-Investment Vehicle in ABS Capital Markets



DUBLIN, October 31, 2019 / PRNewswire / – Stellwagen Group, a specialist aircraft asset manager, today announced the closing of its first aircraft ABS co-investment vehicle, “Raptor Aircraft Finance I Limited, 2019-1”, which offered $ 726 million rated notes secured by a portfolio of 19 aircraft leased to 14 airlines located in 12 countries. The company acted as a structurer in the formation of Raptor and procured $ 193 million third-party institutional co-investors for this new issuer. Stellwagen, through its Capital Management division (Stellwagen Capital), will act as a permanent administrator of Raptor and, through its Aviation Services division (Seraph Aviation), will act as a permanent maintenance agent. for the plane.

The portfolio – which consists of 16 narrow-body aircraft (67% in value) and 3 wide-body aircraft (33% in value) – has a weighted average age of around 3.7 years, making it the l ‘one of the youngest portfolios ever offered in the ABS capital markets and a long-term weighted average remaining lease term of around 7.0 years.

Stellwagen Group CEO David Butler said: “Raptor I is one of the largest ABS deals issued this year, in a market environment where investors have the luxury of choosing. The execution of Raptor represents a major milestone for Stellwagen, and we are pleased with the overwhelming support of our institutional partners for the execution of this transaction and for the approval by the capital markets of the engagement of Stellwagen as long-term asset manager. “

CEO of Stellwagen Capital Scott Corman added, “Raptor was a large and very complex transaction, which Stellwagen was uniquely able to execute due to its extensive product and industry expertise. With one of the youngest and most attractive portfolios available to investors, Raptor differentiated Stellwagen from other ABS issuers. Raptor I offered investors a unique opportunity to participate alongside a proven asset manager with a successful track record. “

Posted on behalf of the Stellwagen Group by Heneghan

About the Stellwagen group – www.stellwagengroup.com

Stellwagen Group is an asset manager specializing in the management of aircraft and aviation related investments on behalf of institutional investors. Thanks to its in-depth understanding of aeronautical assets and financial instruments, the Group creates tailor-made investment vehicles designed to provide its institutional partners with above-average risk-adjusted returns. The Stellwagen group is based in Dublin, Ireland with offices in Stamford, Connecticut, UNITED STATES, London, England and Seoul, South Korea.

About Seraph Aviation Management

Situated at Dublin, Seraph Aviation Management, a 100% subsidiary of the Stellwagen Group, is a leading provider of aircraft management services. It offers a wide range of aircraft management and leasing services to customers in the airline, manufacturing and financial industries. It manages the aviation assets in accordance with the investment strategies of its investors and is generally not an asset owner. Seraph Aviation Management previously operated as Volito Aviation Services Ireland prior to its acquisition and rebranding by Stellwagen in 2015.

SOURCE Stellwagen Group

Related links

http://www.stellwagengroup.com


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