Wednesday, May 11, 2016
Waypoint Closes Further Revolving Credit Facility
Waypoint Leasing Ltd. has closed a revolving credit facility led by the Specialty Finance Lending unit of KeyBank, N.A. The facility provides additional revolving capacity to increase Waypoint's total revolving credit facility commitments by $37 million to $575 million. The company will use proceeds of this to refinance certain aircraft in its fleet funded through cash. Waypoint's total debt commitments would be more than $1.5 billion and its total financing $1.9 billion.