Waypoint Leasing, a leading global helicopter leasing company, has raised a further $300m in term loans to refinance existing assets previously funded under its Revolving Credit Facility. BNP Paribas, MUFG Union Bank, N.A., RBC Capital Markets and Wells Fargo Securities acted as Lead Arrangers and were joined by asset financier Lombard, Sumitomo Mitsui Banking Corporation, Everbank Commercial Finance, Inc. and Capital One, National Association as Lenders. The facility also includes an accordion feature to expand the borrowing capacity further, up to $400m. This term loan brings Waypoint’s total capital raised to $1.2bn to date. The financing further enhances the Company’s ability to acquire attractive and varied helicopter assets to its fleet quickly and with scale. Alan Jenkins, CFO of Waypoint, said, “This term financing of a diversified pool of assets frees capacity under our revolving credit line to facilitate additional helicopter acquisitions. We are very pleased that leading financial institutions acted as Arrangers and Lenders for this transaction and their support is a further validation of Waypoint’s strong, long-term financial profile.”
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[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada