Waypoint Leasing closes USD100mn term loan facility

Waypoint Leasing (Ireland) Limited, the largest independent global helicopter leasing company, has closed on a USD100 million term loan facility led by Lombard North Central Plc, the company said.

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 USD1.4 billion, and together with its previously announced equity commitments, its total financing to over USD1.85 billion. Waypoint´s acquired fleet includes more than 125 aircraft operating in 26 countries, with total assets in excess of USD1.5 billion.

Waypoint Leasing is a global helicopter leasing company that provides operating lease and financing solutions to helicopter operators worldwide. Headquartered in Limerick, Ireland, Waypoint Leasing differentiates itself with a senior management team that has direct helicopter operating and leasing experience in key helicopter markets around the world, having leased helicopters across Africa, Asia, Australia, Europe and North and South America.

Lombard provides various forms of asset finance to many different types of businesses, from SMEs to large multi-national corporates. Products range from Hire Purchase, Finance Lease, Operating Lease, to Sale and Leaseback, as well as specialist divisions that provide funding for manufacturing, sustainable and green energy, agriculture and technology products, as well as a specialist aviation, rail and commercial marine team.