Waypoint Leasing expands revolver

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By admin October 26, 2015 21:54

Waypoint Leasing expands revolver

Waypoint Leasing, the largest independent global helicopter leasing company, has announced that it has expanded and extended its unsecured revolving credit facility through the addition of Deutsche Bank and Goldman Sachs as lenders to the existing co-leads, SunTrust Robinson Humphrey and MUFG Union Bank. The company will use the proceeds to support its aircraft order program and to continue to facilitate efficient closings for its customers.

Alan Jenkins, CFO of Waypoint, said, “Waypoint appreciates the continued support of our financing partners. These recent modifications to our unsecured revolver improve the company’s financial flexibility and further extend our debt maturity profile. We are very pleased to expand and extend this facility, which is another validation of Waypoint’s strong market position and performance in the helicopter leasing market.”

Oliver Althoff, MD of Capital Markets and Treasury added, “Waypoint continues to build out its capital base with diversified debt products and investor groups to achieve a conservative but flexible capital structure. Increasing and extending our unsecured facility on attractive terms is a further sign of the maturity and differentiation of Waypoint in this market segment.”

admin
By admin October 26, 2015 21:54