Waypoint Leasing extends over US$390m revolving credit facility commitments

Independent global helicopter leasing company Waypoint Leasing, has extended the maturity on two of its existing revolving credit facilities. In aggregate over US$390m of revolving credit commitments extended across seven lenders, with over US$100m now maturing in late 2019 and over US$280m in late 2020. The company will use the proceeds to support its aircraft order program and to continue to facilitate efficient closings and financing solutions for its customers. To date, Waypoint has accessed secured and unsecured financings in the bank, export credit and debt capital markets. Waypoint’s acquired fleet of 147 aircraft has 31 lessees, operating in 31 countries, with total assets in excess of US$1.6bn. Waypoint has firm and option orders with aircraft manufacturers for helicopters valued at more than US$1.3bn comprised primarily of Light Twin to super Medium positions focused on a variety of end-user markets, in particular the EMS and Utility marketplace.