Milestone Aviation Group , a provider of helicopter leasing, announced that it has closed on an unsecured US$ 200 million revolving credit line. According to a release, the new facility increases Milestone's unsecured borrowing capacity to US$ 450 million and revolving borrowing capacity to US$ 800 million . The announcement follows on the heels of the company's January 7 , announcement that it had successfully completed the private placement of US$ 575 million of senior secured notes. "This revolver increases Milestone's liquidity and provides greater financial flexibility to exploit the many opportunities we see to grow our business and serve our customers," said Milestone's Chairman and CEO Richard Santulli . "We believe that receiving this level of support in an unsecured facility from such an impressive group of financing partners reflects confidence in Milestone and our business model. We will use these additional resources to respond quickly to the needs of our operating partners around the world." A global mix of seven lenders participated in the facility. SunTrust Robinson Humphrey, Inc. served as Joint Lead Arranger and Sole Bookrunner and JPMorgan Securities and Deutsche Bank Securities Inc. served as Joint Lead Arrangers. The other participating lenders include: Jefferies Finance; Nomura Corporate Funding Americas; Bank of America , and The Huntington National Bank . More information: www.milestoneaviation.com ((Comments on this story may be sent to email@example.com ))
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Some California Cities Seeking Water Independence
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- Will Missing Malaysian Jet Prompt Aviation System Change?
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Keurig Adds Peet's coffee, Alters Starbucks deal
- Obama Seeks to Stay Neutral in CIA-Senate Conflict