News / Events
2018

Stellwagen raises $250m to fund future growth

DUBLIN / NEW YORK - Stelloan Investment Company I DAC (“Stelloan”), the senior secured loan fund managed by Stellwagen Capital Limited (“Stellwagen Capital”), has closed a $250 million revolving credit and security facility. Morgan Stanley Asset Funding Inc. acted as Structuring Agent and Lead Lender. Stellwagen Capital is part of Stellwagen Group Limited (“Stellwagen Group”) which provides financing solutions to the aviation industry and critical infrastructure worldwide. The five-year facility provides Stelloan with an efficient and longer-term use of capital to grow assets under management. The agreement marks a strong endorsement of Stellwagen Group’s strategy to deliver innovative aircraft financing solutions to aviation leasing companies and airlines. The facility also includes an accordion feature enabling it to be increased to $500 million in the future. Douglas Brennan, CEO, Stellwagen Group, said: “We believe the execution of this facility is a significant...

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Stellwagen Group Strengthens Executive Leadership Team With Two New Appointments

ECN Capital and Credit Suisse Veteran Scott Corman to Serve as Chief Executive Officer of Stellwagen Capital  Long-Time Digicel Group Executive and Growth Expert David Butler to Join as Chief Operating Officer of Stellwagen Group  Appointments Signal Sustained Commitment to Successful Capital Raising Initiatives, Lessor Community Partnerships and Operational Excellence  STAMFORD, CONN. AND DUBLIN, IRELAND – The Stellwagen Group (the “Group”), the global aviation industry’s leading provider of fully-integrated asset management, technical management and fleet and capital financing solutions, today announced the appointment of Scott Corman to the role of Chief Executive Officer of Stellwagen Capital Limited (“StellCap”) effectively immediately, and David Butler to the role of Chief Operating Officer of the Group, effective October 1, 2017. “We are extremely excited to assign Scott new leadership responsibilities and add David to the team at a time when the aviation sector’s demand for innovative...

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Stellwagen Finance announced today the closing of a Pre-Delivery Payment (PDP) financing facility for AWAS

Stellwagen Finance announced today the closing of a Pre-Delivery Payment (PDP) financing facility for AWAS relating to five Boeing 737 Max 8 aircraft expected to be delivered to the lessor via a purchase leaseback transaction with one of its valued airline customers. Stellwagen Finance was the sole arranger sourcing funds from institutional investors for the facility. The deal reinforces Stellwagen Finance’s leadership in PDP financing and ability to find new sources of capital having financed $1.2BN of PDPs for lessors and airlines to date. Simon Glass, AWAS CFO, commented “Over the last few years, Stellwagen has arranged a number of innovative non-bank financing solutions for AWAS and this new PDP deal is another great example of how they are able to provide customised structures that support AWAS’s goal to have a diversified financing strategy”. “AWAS’s innovative proposition provided one of...

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