Monday, August 19, 2013
Milestone Obtains $600 Million Revolving Credit Line
Milestone Aviation Group has secured the largest-ever debt facility for a helicopter lessor, a five-year $600 million revolving credit line with options to expand borrowing capacity to $750 million. The debt facility was upsized to accommodate strong demand for leased helicopters, according to Richard Santulli, chairman and CEO of Milestone Aviation.
Wells Fargo, Bank of America and Huntington National Bank were among the 12 financial institutions involved in the new credit line for Milestone. The new credit line comes three years after Milestone's 2010 launch.
Related: Helicopter Services News