Waypoint Leasing closes $85m term loan

Waypoint Leasing has closed a five-year $85 million term loan facility led by Deutsche Bank AG. The company will use the proceeds to support its customers through the provision of further liquidity into the global helicopter market.

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Alan Jenkins, CFO of Waypoint, said: “We are very pleased that Deutsche Bank AG has led this facility and joined our well diversified pool of over 20 lender relationships to date. Lenders recognise our leading position in the helicopter leasing sector and the tremendous job by our team in building scale and a global platform to support our customers for the long-term.”

Oliver Althoff, MD of Capital Markets and Treasury, added: “Waypoint continues to execute on our financing strategy with this long-term financing providing match funding for the underlying leases. This facility will also free up excess liquidity to supplement our continued growth as we look forward through 2015 and beyond.”

Waypoint Leasing now has a total debt commitment of more than $1.2 billion, with total financing worth $1.7 billion. Waypoint’s acquired fleet includes more than 100 aircraft delivered and on lease and operating in 22 countries, with total assets of $1.2 billion.

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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