Waypoint closes $100 million six-year term loan facility via Lombard

By Tali Rackner

Norfolk, Va., April 19 – Waypoint Leasing (Ireland) Ltd. closed on a $100 million six-year term loan facility led by Lombard North Central plc on Tuesday, according to a press release.

The facility provides for funding capacity in dollars, euros and British pounds sterling on a delayed-draw basis.

The company will use the proceeds to refinance some aircraft in its revolving credit facility. “Waypoint continues to execute on our financing strategy with the closing of this very attractive $100 million term loan facility,” chief financial officer Alan Jenkins said in the release.

“This facility will free up further debt capacity for Waypoint, allowing us to support our helicopter operator customers with leasing solutions and provide operational and financial flexibility in the current challenging market.”

This financing brings Waypoint’s total debt commitments to more than $1.4 billion and, together with its previously announced equity commitments, its total financing to over $1.85 billion, the release said.

Waypoint Leasing (Ireland) is a helicopter leasing company based in Limerick, Ireland.

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