LOP on Facebook LOP on Twitter LOP on Google Plus LOP on Youtube LOP's RSS Feed
News | Results | Columns | Forums

Home | Headlines | News | Results | Columns | Radio | Indy | Forums | Contact | Bookmark | Share



Posted in: WWE
WWE Receives $31 Million Loan For New Corporate Jet
By Michael Bluth
Aug 12, 2013 - 6:06:12 PM

WWE officially filed a document with the SEC on Monday to announce their plans to finance a new corporate jet. (View here: IR.Corporate.WWE.com).

According to the August 7th filing, WWE recently created a new subsidiary, "WWE Jet Services, Inc." to enter into a Loan & Aircraft Security Agreement with RBS Asset Finance for a $31.56 million loan. WWE is listed as the corporate guarantor of the loan.

The plan calls for quarterly payments of $405,458 until the seven-year loan expires on August 7, 2020.

The agreement includes notes about WWE's use of the corporate jet. For example, WWE is not permitted to use the jet as a taxi service, or fly the jet in restricted airspace.

It was also revealed that the primary hangar location will be the Westchester County Airport in White Plains, New York.

Listed as the executor of the agreement on behalf of "WWE Jet Services, Inc." is WWE CFO George Barrios.

* New WWE 2K14 Screenshots: HOGAN vs. ANDRE, HOGAN vs. ROCK & ROCK vs. CENA - Sick Graphics!

  • Scott Hall, Kevin Nash, Shawn Michaels and Sean Waltman Talk About The Curtain Call Incident

  • The Rock Wants to Battle James Bond, New WWE Total Divas Preview Clip with Naomi

  • Hornswoggle & El Torito Working Together, Backstage News on Plans for Cesaro's Character

  • Cesaro Getting a New Theme Song Soon, News on Dean Ambrose's Title Reign, GFW Video

  • Plans for Summer Rae's Return to TV, Mark Henry Appears In New Movie, WWE Website Traffic

  • Update on Vickie Guerrero's WWE Status, Change for Superstars This Week, WWE In Saudi

  • Former WWE Developmental Talent Works SmackDown Tapings, Zeb Still Searching, Birthdays

  • WWE Polls Fans on Evolution, Matches for Tonight's WWE NXT, New Warrior Merchandise

  • Full WWE Network Schedule for Thursday - Legends House Premiere, Ultimate Legend, NXT, More

  • WWE Star Suffers 100th Televised Loss, Former WWE Writer Talks About The Streak, The Rock