LCI closes US$135 million asset-backed Helicopter facility

©LCI helicopter

Lease Corporation International (LCI) ,a leading helicopter lessor and the aviation division of the Libra Group, has successfully closed a new asset-backed helicopter facility in excess of US$135 million with a syndicate of five banks led by CIT Group Inc. as agent.

The new facility, which has been agreed with CIT, National Westminster Bank Plc, National Australia Bank Limited, Barclays Bank PLC and The Huntington National Bank, will be used to support the continuing development and expansion of LCI’s fleet. 

LCI has also agreed to similar financing facilities this year with CaixaBank and Close Brothers Aviation and Marine. This brings the total amount of helicopter debt financing that LCI has raised since January 2018 to more than US$280 million.

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