Waypoint Leasing closes US$100m term loan facility

Waypoint Leasing (Ireland), an independent global helicopter leasing company, has closed on a US$100m term loan facility led by Lombard North Central. The facility has a maturity of approximately six years and provides for USD, EUR and GBP funding capacity on a delayed draw basis. The company will use the proceeds of this transaction to refinance certain aircraft in its revolving credit facility, further expanding capacity to support its customers and the expansion of the business. This financing brings Waypoint’s total debt commitments to more than $1.4bn, and together with its previously announced equity commitments, its total financing to over US$1.85bn. Waypoint’s acquired fleet includes more than 125 aircraft operating in 26 countries, with total assets in excess of US$1.5bn.