Waypoint Leasing closes US$200m inaugural capital markets financing

Independent global helicopter leasing company, Waypoint Leasing, has closed on the private placement of US$200m of senior secured notes, representing Waypoint’s inaugural capital markets financing. The senior secured notes have a maturity of seven years, split across three tranches, providing for both USD and EUR funding capacity on a delayed draw basis. The company will use the proceeds to fund the continued expansion of the business and to free up further capacity under its secured revolving credit facility. The Notes were offered to a select group of leading institutional investors from top life insurance and pension companies.