Irish helicopter finance company Waypoint Leasing has agreed a five year US$72.5m (52.8m) loan facility with a Goldman Sachs led group.
The company said it would use the additional debt to continue to build out and diversify its fleet of helicopter assets.
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Specifically, the funds would be used to refinance certain helicopters acquired under Waypoint’s existing $385m revolving credit facility.
Waypoint chief financial officer Alan Jenkins said "This transaction provides match funded, long-term financing for the underlying leases while also freeing up capacity in our revolving credit facility, enabling us to continue to build out our balance sheet and facilitate further growth of Waypoint’s platform.
"With our upsized credit facility and this term loan in place, we are extremely well positioned to finance future helicopter acquisitions and facilitate quick and seamless transactions with our large and growing customer base."
The financing brings Waypoint’s debt commitments to over $450m.
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By GlobalData
