Public helicopter finance transactions

Macro of Alexnader Hamilton portrait on the U.S. ten dollar bill.

Borrower: Waypoint Leasing
Date: October 2015
Structure: Unsecured revolving credit facility increase
Lenders: Deutsche Bank and Goldman Sachs & Co (existing lead arrangers SunTrust Robinson Humphrey and MUFG Union)

Borrower: LCI Helicopters
Date: October 2015
Structure: Loan for four new AgustaWestland AW139s
Sole lender: Westpac Banking Corporation
Notes: Aircraft on lease to Australia’s Westpac Rescue Helicopter Service (North South Wales Ambulance)

Borrower: LCI Helicopters
Date: October 2015
Structure: 10 year loan for six new AgustaWestland AW139
Security trustee, agent, lender and hedge counterparty: Westpac Banking Corporation
Lender and hedge counterparty: National Australia Bank
Notes: Aircraft on lease to Australian Helicopters for Air Ambulance Australia

Borrower: Waypoint Leasing
Date: September 2015
Size: $200 million
Structure: senior secured notes
Joint placement agents: Goldman Sachs and SunTrust Robinson Humphrey
Senior co-placement agent: Mitsubishi UFJ Securities
Co-placement agents: Deutsche Bank, BNP Paribas and RBC Capital Markets
Notes: Three tranches: $125 million, $50 million and $45 million. Seven year average life. Can draw-down in dollars and Euros.

Borrower: Lease Corporation International
Date: July 2015
Structure: Master Murabaha facility agreement
Mandated lead arranger, security agent and inter-creditor agent: Lloyds Bank
Islamic finance participant: Bank of London and the Middle East

Borrower: Waypoint Leasing
Date: April 2015:
Size: $60 million
Structure: unsecured loan
Lead arrangers: SunTrust Robinson Humphrey and MUFG Union Bank

Borrower: Waypoint Leasing
Date: March 2015
Size: $85 million loan
Lead arranger: Deutsche Bank

Borrower: Waypoint Leasing
Date: April 2015
Size: $40 million increase to $300 million Term Loan
Lead arranger: BNP Paribas, MUFG Union Bank, RBC Capital Markets and Wells Fargo Securities.

Borrower: Lease Corporation International
Date: December 2014
Size: $25 million
Structure: pre-delivery facility
Lead arranger: Bank of London and the Middle East

Borrower: Lobo Leasing
Date: December 2014
Size: $225 million (can be upsized to $325 million)
Structure: Term loan
Joint lead arrangers: Barclays Bank, Citi and Nomura

Borrower: Lease Corporation International
Date: October 2014
Size: $325 million facility (option to increase to $425 million)
Joint lead arrangers and book runners: CIT Group, Inc., Nomura Corporate Funding Americas, LLC, and BNP Paribas.
Administrative agent and collateral agent: CIT
Co-syndication agents: Citibank, EverBank Financial Corp. and Barclays Bank PLC
Co-documentation agents: The Huntington National Bank and Lombard North Central
Participating lenders: Amalgamated Bank, Siemens Financial Services and National Australia Bank

Borrower: Waypoint Leasing
Date: September 2014
Size: $300 million revolver (can be expanded to $400 million)
Lead arrangers: BNP Paribas, MUFG Union Bank, RBC Capital Markets and Wells Fargo Securities
Lenders: Lombard, Sumitomo Mitsui Banking Corporation, Everbank Commercial Finance, Capital One, National Association

Borrower: Waypoint Leasing
Date: June 2014
Size: $133 million extension to November facility (option to expand to $550 million)
Lenders: Barclays Bank, Citi, RBC Capital Markets, Lombard

Borrower: Waypoint Leasing
Date: May 2014
Size: $72.5 million five-year term loan
Lead arranger: Goldman Sachs

Borrower: Milestone Aviation Group
Date: January 2014
Size: $ 200 million revolving credit line
Joint Lead Arranger and Sole Bookrunner: SunTrust Robinson Humphrey
Join lead arrangers: JPMorgan and Deutsche Bank
Participating lenders: Jefferies, Nomura, Bank of America, The Huntington National Bank.

Borrower: Milestone Aviation Group
Date: January 2014
Size: $575 million notes
Sole bookrunner and lead placement agent: Merrill Lynch, Pierce, Fenner & Smith
Co-lead placement agents: Deutsche Bank and Nomura Securities
Co-placement agents: Merrill, DB, Nomura, The Huntington Investment Company and SunTrust Robinson Humphrey

Borrower: Milestone Aviation Group
Date: December 2013
Size: $250 million 144a private bond placement
Bookrunners: Jefferies, Bank of America Merrill Lynch, and Nomura
Term: Five year
Coupon: 8.625%
Issue: 100
Yield: 8.625%
Rating: Unrated
Maturity 12/15/2017

Borrower: Waypoint Leasing
Date: November 2013
Size: $335 million revolver
Joint bookrunner and agent: Credit Suisse
Joint bookrunners: SunTrust Robinson Humphrey, CIT Finance
Lenders: Goldman Sachs, Union Bank., Fifth Third Bank and 1st Source Bank.

Borrower: Milestone Aviation Group
Date: July 2013
Size: $300 million credit facility
Mandated lead arranger and facility agent: Lloyds Bank
Lenders: Lombard and Barclays

Borrower: Milestone Aviation Group
Date: June 2013
Size: $187 million Ex-Im bond
Arranger: Deutsche Bank
Refinanced: March 2013 Ex-Im loan

Borrower: Milestone Aviation Group
Date: March 2013
Size: $187 million Ex-Im Loan
Arranger: Deutsche Bank
Notes: Financed nine Sikorsky S-92s on lease to Bond, Bristow, Lider, Omni. Later refinanced by bond.

Borrower: Milestone Aviation Group
Date: March 2012
Size: $265 million term loan
Arranger: Deutsche Bank
Participants: Nomura, Huntington Bank, CIT, 1st Source Bank, EverBank Commercial Finance and Credit Suisse

Borrower: Milestone Aviation Group
Date: February 2012
Size: $75 million loan
Arranger: SEB
Notes: Funded helicopters for Scandinavian operators

Borrower: Milestone Aviation Group
Date: February 2012
Size: $75 million loan
Arranger: SG
Notes: Facility to cover pre-delivery payments (PDP).