Waypoint Leasing Increases Capital Base Further Through $300 Million Term Loan

September 3, 2014

Company Has Raised Over $1.2 Billion of Capital To Date, Driving Continuing Expansion

Limerick, Ireland and Darien, CT – September 3, 2014 – Waypoint Leasing (“Waypoint”), a leading global helicopter leasing company, today announced that it has raised a further $300 million in term loans to refinance existing assets previously funded under its Revolving Credit Facility.  BNP Paribas, MUFG Union Bank, N.A., RBC Capital Markets and Wells Fargo Securities acted as Lead Arrangers and were joined by asset financier Lombard, Sumitomo Mitsui Banking Corporation, Everbank Commercial Finance, Inc. and Capital One, National Association as Lenders. The facility also includes an accordion feature to expand the borrowing capacity further, up to $400 million.

This term loan brings Waypoint’s total capital raised to $1.2 billion to date.  The financing further enhances the Company’s ability to acquire attractive and varied helicopter assets to its fleet quickly and with scale.

Alan Jenkins, CFO of Waypoint, said, “This term financing of a diversified pool of assets frees capacity under our revolving credit line to facilitate additional helicopter acquisitions.  We are very pleased that leading financial institutions acted as Arrangers and Lenders for this transaction and their support is a further validation of Waypoint’s strong, long-term financial profile.”

Oliver Althoff, MD of Capital Markets and Treasury, added, “In an asset and capital intensive industry such as ours, Waypoint is consistently able to attract favourably structured and priced capital to fund our growing fleet. We are excited to continue to deepen and broaden our financing relationships.”


About Waypoint Leasing:

Waypoint Leasing is a global helicopter leasing company that provides operating lease and financing solutions to helicopter operators worldwide.  Headquartered in Limerick, Ireland, and with operations in Darien, CT, Waypoint Leasing differentiates itself with a senior management team that has direct helicopter operating and leasing experience in key helicopter markets around the world, having leased helicopters across Africa, Asia, Australia, Europe and North and South America.  Waypoint Leasing serves a wide range of sectors including oil and gas, emergency medical service, search and rescue, firefighting and governmental support.  Further information is available at www.waypointleasing.com.

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