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.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.