8 December 2017

Maples Advises on Debut Aircraft Bond Transaction

Grand Cayman, Cayman Islands | Maples and Calder advised WAVE 2017-1 Limited (the “Cayman Issuer“) and WAVE 2017-1 LLC (the “US Issuer“), on the Cayman Islands legal aspects of the US$578.4 million portfolio finance transaction relating to approximately 19 aircraft on lease to a variety of operators located across 14 countries.

 

The Cayman Issuer and the US Issuer co-issued three tranches of notes which are listed on the Cayman Islands Stock Exchange (the “CSX“), and in respect of which Maples and Calder also acted as Cayman Islands listing agent.  This transaction, WAVE 2017-1, is the debut bond transaction for Wings Capital Partners LLC, a commercial aircraft lessor focused primarily in single aisle, in-production commercial jet aircraft.

 

The Maples and Calder team was led by Partner, Jonathon Meloy, and Associate, Barnabas Finnigan. Associate, Jonathan Brown, also provided assistance on the CSX listing.

 

Jonathon Meloy commented, “We are pleased to have advised Wings on its inaugural bond issuance.  Maples and Calder’s continued involvement in similar transactions highlights the unrivalled experience and strength of our team as acting Issuer counsel “.

 

ENDS

 

About Maples and Calder

Maples and Calder is a leading international law firm advising financial, institutional, business and private clients around the world on the laws of the Cayman Islands, Ireland and the British Virgin Islands.  Maples and Calder has offices in the British Virgin Islands, Cayman Islands, Dubai, Dublin, Hong Kong, London and Singapore.

With a reputation as an innovative, entrepreneurial firm, Maples and Calder is known worldwide as a market leader with highly qualified lawyers who are specialists in their respective practice areas.

Established in 1967, Maples and Calder celebrates 50 years of award winning excellence in 2017.

About MaplesFS

MaplesFS, through its divisions Maples Fiduciary, Maples Fund Services and Maples Private Client Services, is an independent global provider of specialised fiduciary, corporate formation, administration and trust and private client services.  With offices in key locations around the world, its clients include global financial institutions, institutional investors, investment managers and international corporations.

MaplesFS leverages its affiliation with international law firm, Maples and Calder, to provide professional and timely advice that draws upon jurisdictional knowledge and experience.  For more information, please visit www.maplesfs.com.

For additional information, please contact:

Peggy Basdeo

Senior PR and Marketing Executive

Maples and Calder 

peggy.basdeo@maplesandcalder.com

Direct: +1 345 814 5548

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