Tuesday, April 19, 2016
Waypoint Closes $100M Term Loan Facility
Waypoint Leasing Ltd. said it has closed on a $100 million term loan facility led by Lombard North Central Plc. The facility has a maturity of about six yr. Waypoint will use the proceeds of this to refinance certain aircraft in its revolving credit facility. 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 more than $1.85 billion. Waypoint's acquired fleet includes more than 125 aircraft operating in 26 countries, with total assets in excess of $1.5 billion.