LCI partners with CIT and Prudential Group on inaugural capital markets financing

Latest Live Updates and News from the Farnborough Airshow  July 16th to July 22nd, 2018

Lease Corporation International (LCI), a leading helicopter lessor and aviation division of the Libra Group, has closed its inaugural capital markets term loan financing, with a value in excess of US$55m.
The private, senior secured tranches have a maturity of five years, and were offered to a range of US financial institutions. CIT Group and Prudential Capital Group, the private capital investment arm of PGIM, the US$1 trillion global investment management businesses of Prudential Financial, jointly funded the financing.
LCI is using the proceeds from the financing to fund the continuing expansion of its fleet with the acquisition of six new Leonardo AW139 and AW169 helicopters. All of the aircraft have confirmed placements with lessees in Emergency Medical Services (EMS) and Search and Rescue (SAR) roles.
LCI’s fleet, which comprises approximately US$750 million of assets in service and on order, is focused on the latest technology medium and super medium helicopters manufactured by the leading helicopter OEMs including Leonardo, Airbus and Sikorsky.

Email Post to a Friend Email Post to a Friend

Leave a Reply