Lease Corporation International (LCI), the helicopter lessor and aviation division of the Libra Group, has closed its inaugural $55 million capital markets term loan financing. 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 $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.
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.