Waypoint Leasing said it has closed on the private placement of USD200 million 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 said it will use the proceeds to fund the continued expansion of the business and to free up further capacity under its secured revolving credit facility.
This financing brings Waypoint´s total debt commitments to more than USD1.3 billion and, together with its previously announced equity commitments, its total financing to over USD1.75 billion. Waypoint´s acquired fleet includes 108 aircraft operating in 25 countries, with total assets of USD1.3 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.