Spectre Cargo Solutions, the freighter-focused arm of aircraft trading and leasing specialist Spectre Air Capital, has completed the initial stage of refinancing for seven Boeing 737-700 and -800 converted freighters.

Texas-based Spectre Cargo Solutions, through its Irish affiliate NGF Genesis, has closed its first round of a long-term senior debt facility led by Erste Bank for the freighters which will be delivered on lease to "multiple operators" and managed by NGF Genesis (Ireland).

Said a spokesperson for Spectre Cargo Solutions: "This will be the first institutional financing of Spectre's freighter portfolio, and represents the first tranche of aircraft supporting its broader passenger-to-freighter (PTF) platform."

The company has converted and supported 135+ B737 freighters operating in 25+ countries. It has also arranged 40+ B757 freighters converted by Precision and 25+ B747 freighters converted by Boeing.

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