Ireland-based helicopter financing specialist Waypoint Leasing has expanded its unsecured revolving credit facility with the addition of Deutsche Bank and Goldman Sachs Bank to existing lenders SunTrust Robinson Humphrey and MUFG Union Bank. The company plans to use the proceeds to support its aircraft order program and continue to facilitate closings.
Waypoint’s leased fleet—with total assets exceeding $1.3 billion—is operating in 26 countries, serving the oil-and-gas, emergency medical service, search-and-rescue, firefighting and government-support segments. The company holds firm orders and options with OEMs for more than 125 rotorcraft worth more than $1.7 billion.
“These recent modifications to our unsecured revolver improve the company’s financial flexibility and further extend our debt maturity profile,” said CFO Alan Jenkins. “We are pleased to expand and extend this facility, which is another validation of Waypoint’s strong market position and performance in the helicopter leasing market.”