LCI successfully closes $325 million secured asset-backed facility

LCI, the aviation leasing division of the Libra Group, has successfully closed a five-year, US$325 million asset–backed credit facility for its helicopter-leasing arm LCI Helicopters. The facility was substantially over-subscribed resulting in an enlarged provision to meet demand. An option to increase the facility to $425 million was also added. The funds will be used to expand the company’s helicopter fleet.  LCI Helicopters, in which KKR Financial Holdings, holds a minority stake, has been growing at scale since LCI’s entry into the helicopter leasing market in 2012. The commitments for the facility come from a total of eleven lenders from