Waypoint Leasing closes first term loan facility

Waypoint Leasing, a leading helicopter leasing company, has closed on a five year US$72.5m term loan facility led by Goldman Sachs. The facility will be used to refinance certain existing helicopters previously acquired and financed under Waypoint’s recently upsized $385m revolving credit facility. The additional debt capacity enables Waypoint to continue its significant build out of an attractive and diversified fleet of helicopter assets. This financing brings Waypoint’s total debt commitments to more than $450m and together with its previously announced equity commitments, provides more than $830m to support helicopter lease transactions for its diverse customer base. Waypoint’s acquired fleet includes 37 aircraft delivered and on lease with total value in excess of $400m.