Aviation financier Stellwagen could borrow up to €420m

Money will be used to grow company’s assets under management

Aircraft financier Stellwagen could borrow up to $500 million (€420m) from a group of banks to fund future growth.

The company confirmed on Thursday that a group of banks led by Morgan Stanley Asset Funding had agreed to provide Irish-based Stellwagen Investment Company with a $250 million credit facility.

Stellwagen said the five-year facility would provide it with capital to grow the assets that it has under its management.

The deal includes a feature allowing the company to increase the loan to $500 million in the future. It is expected that Stellwagen will ultimately draw down this amount.


Stellwagen Investment Company is a fund managed by Stellwagen Capital. The group established it to raise cash to provide finance to airlines to buy aircraft.

Stellwagen chief executive Douglas Brennan said the deal was a "significant sign of support" from the banks.

The group is headquartered in Dublin. Its backers include banks, insurers, pension funds and other investors.

Barry O'Halloran

Barry O'Halloran

Barry O’Halloran covers energy, construction, insolvency, and gaming and betting, among other areas