10:57 am - Tuesday December 18, 2018

REVEALED! Inside Triple H’s Private Jet of $27.5million…After WWE borrows $32M from RBS Asset Finance WWE warns ‘Honor’ not to use jet as a taxi service, or fly the jet in restricted airspace WWE to pay quarterly payments of $405,458 until the seven-year loan expires on August 7, 2020 Full gist of the deal enclosed…


 REVEALED!

 Inside Triple H’s Private Jet of $27.5million…After WWE borrows $32M from RBS Asset Finance  

  • WWE warns ‘Honor’ not to use jet as a taxi service, or fly the jet in restricted airspace
    • WWE to pay quarterly payments of $405,458 until the seven-year loan expires on August 7, 2020
    • Full gist of the deal enclosed…

 

 BY TIM LAWSON/EDITOR, WRESTLING, CHICAHGO

WWE99 INSIDE details of private jet deals of Triple H, the present Chief Operating Officer (COO) of WWE have set the bank account of this biggest wrestling event firm back to the sum of $32M, being the sum the management of WWE borrowed from RBS Asset Finance to purchase this latest air flight in the fleet of WWE.

 The Deal

 Naija Standard gathered that WWE entered into an agreement to purchase a new corporate jet for $27.5million. The 2006 Bombardier Global 5000 jet replaced the WWE’s current plane which is a 1998 Canadair Challenger. WWE has owned the jet since 2001. WWE is looking to sell the Canadair Challenger ‘at a higher price’.

 

WWE officially filed a document with the SEC on Monday to announce their plans to finance a new corporate jet. According to the document, which was filed on August 7th, WWE has created a subsidiary, “WWE Jet Services, Inc.” to enter into a Loan & Aircraft Security Agreement with RBS Asset Finance for a $31.56 million loan.”

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

 Clause in the Deal

Naija Standard observed that the agreement includes notes 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 is Westchester County Airport in White Plains, New York.

Executor of WWE loan

Listed as the executor of the agreement on behalf of “WWE Jet Services, Inc.” is WWE CFO George Barrios.WWE is listed as the corporate guarantor of the loan.

WWE reported in their 10-Q quarterly report that they have entered into an agreement to purchase a new corporate jet for $27.5 million. The report released notes that once the transaction is complete, additional improvements and taxes would run the final cost to $31-32 million.

The 2006 Bombardier Bombardier Global 5000 jet has now replaced the WWE’s current plane which is a 1998 Canadair Challenger, which WWE has owned the jet since 2001. WWE is looking to sell the Canadair Challenger.

Filed in: Sports

One Response to “REVEALED! Inside Triple H’s Private Jet of $27.5million…After WWE borrows $32M from RBS Asset Finance WWE warns ‘Honor’ not to use jet as a taxi service, or fly the jet in restricted airspace WWE to pay quarterly payments of $405,458 until the seven-year loan expires on August 7, 2020 Full gist of the deal enclosed…”