Milestone Aviation Group secures $600m revolving credit line

Milestone Aviation Group, a global leader in helicopter leasing, has closed on a five-year, $600m revolving credit line that includes an unfunded revolving accordion feature to expand the borrowing capacity up to $750m. This revolver represents the largest-ever debt facility for a helicopter lessor and will be used to fund growth initiatives and acquisitions. Since its launch, Milestone has grown its business to best meet the needs of the global helicopter community. Over the past three years, the Company has acquired more than 100 aircraft valued at over $1.5bn, and closed leases with 22 operators in over 20 countries. The company placed future firm helicopter orders and secured options valued at more than $2.2bn and raised more than $500m in equity capital and $2.4bn in debt commitments from leading banks in North America, Europe and Asia, as well as insurance companies and the US capital markets.