June 30, 2014
Waypoint Leasing expands revolving credit facility to $468m
Waypoint Leasing, a leading global helicopter leasing company, has increased the committed borrowing capacity under its five year revolving credit facility from $335m in November 2013 to $468m as of June 30, 2014. The facility bolsters Waypoint’s ability to continue adding attractive and diversified helicopter assets to its fleet, which today includes over 40 aircraft delivered and on lease. Financial institutions that have joined the facility the past six months include Barclays Bank PLC, Citi, RBC Capital Markets, and asset financier, Lombard. The facility includes an unfunded revolving accordion feature to expand the borrowing capacity further, up to $550m.