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Goldman Sachs Leads Lenders in Waypoint Leasing’s $72.5MM Term Loan

May 14, 2014, 06:53 AM
Filed Under: Aircraft

Waypoint Leasing, a leading global helicopter leasing company, announced that it has closed on a five year $72.5 million term loan facility led by Goldman Sachs. The facility will be used to refinance certain existing helicopters previously acquired and financed under Waypoint’s recently upsized $385 million revolving credit facility. The additional debt capacity enables Waypoint to continue its significant build out of an attractive and diversified fleet of helicopter assets.

Alan Jenkins, CFO of Waypoint, said, “This transaction provides match funded, long-term financing for the underlying leases while also freeing up capacity in our revolving credit facility, enabling us to continue to build out our balance sheet and facilitate further growth of Waypoint’s platform. With our upsized credit facility and this term loan in place, we are extremely well positioned to finance future helicopter acquisitions and facilitate quick and seamless transactions with our large and growing customer base.”

This financing brings Waypoint’s total debt commitments to more than $450 million, and together with its previously announced equity commitments, provides more than $830 million to support helicopter lease transactions for its diverse customer base. Waypoint’s acquired fleet includes 37 aircraft delivered and on lease with total value in excess of $400 million.

Waypoint Leasing is a global helicopter leasing company that provides operating lease and financing solutions to helicopter operators worldwide.

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