Waypoint expands unsecured revolving Credit Facility

Waypoint Leasing has expanded and extended its unsecured revolving credit facility through the addition of Deutsche Bank AG and Goldman Sachs Bank USA as lenders to the existing co-leads, SunTrust Robinson Humphrey, Inc. and MUFG Union Bank, N.A.

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The company will use the proceeds to support its aircraft order program and to continue to facilitate efficient closings for its customers.

“Waypoint appreciates the continued support of our financing partners. These recent modifications to our unsecured revolver improve the company’s financial flexibility and further extend our debt maturity profile.”

Alan Jenkins, CFO of Waypoint said: “Waypoint appreciates the continued support of our financing partners. These recent modifications to our unsecured revolver improve the company’s financial flexibility and further extend our debt maturity profile. We are very pleased to expand and extend this facility, which is another validation of Waypoint’s strong market position and performance in the helicopter leasing market.”

“Waypoint continues to build out its capital base with diversified debt products and investor groups to achieve a conservative but flexible capital structure.”

Oliver Althoff, MD of Capital Markets and Treasury added: “Waypoint continues to build out its capital base with diversified debt products and investor groups to achieve a conservative but flexible capital structure.”

Waypoint’s acquired fleet is on lease and operating in 26 countries, with total assets in excess of $1.3 billion.

Additionally, Waypoint has firm and option orders with aircraft manufacturers for more than 125 helicopters valued at more than $1.7 billion, to be delivered over the next five years.

Terry Spruce

Terry is Senior News Editor and writes for both Corporate Jet Investor and Helicopter Investor. He is also responsible for our helicopter guides. Terry has been an aviation enthusiast since the early 1970s. He is a lapsed Private Pilot and ex-Piper Cherokee owner. He has flown a number of light aircraft and is comfortable sitting in the co-pilot's seat or the back of any aircraft. Before moving to journalism he was a banker for 20 years. You can contact him at: terry@corporatejetinvestor.com or follow him on twitter @Terry_Spruce

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