Aviation asset management firm Stellwagen Group has closed its $45 million corporate secured debt facility.
"This capital raise, which coincides with the execution of our inaugural ABS issuance, is a further validation of the strength of the Stellwagen platform and underpins the attractiveness and credibility of Stellwagen as a corporate lending counterparty," said David Butler, Group CEO. "This capital provides us considerable funding certainty to pursue additional co-investment opportunities in support of the growth of our portfolio of managed assets."
On 30 October, Stellwagen Group announced the closing of its inaugural aviation ABS co-investment vehicle, Raptor Aircraft Finance I Limited, 2019-1, which offered $726 million of rated notes.