Milestone Aviation Group closes $300m credit facility

Milestone Aviation Group, the global leader in helicopter leasing, has closed a new $300m credit facility. The company will use the proceeds to acquire and lease helicopters valued at $400m to affiliates of Bristow Group Inc. The assets include Sikorsky S-92’s, Eurocopter EC225’s and AgustaWestland AW189 and AW139 aircraft. The Milestone facility is the largest-ever for a helicopter lessor. Lloyds Bank acting through its Corporate Asset Finance division was Mandated Lead Arranger and Facility Agent while Lombard, the dedicated asset finance arm of The Royal Bank of Scotland Group, and Barclays Bank served as Original Lenders for the credit facility.

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