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Waypoint Leasing Closes First Term Loan Facility

May 13, 2014



LIMERICK, Ireland & DARIEN, Conn.--(BUSINESS WIRE)-- Waypoint Leasing (“Waypoint”), a leading global helicopter leasing company, today announced that it has closed on a five year US$72.5 million term loan facility led by Goldman Sachs. The facility will be used to refinance certain existing helicopters previously acquired and financed under Waypoint’s recently upsized $385 million revolving credit facility. The additional debt capacity enables Waypoint to continue its significant build out of an attractive and diversified fleet of helicopter assets.

Alan Jenkins, CFO of Waypoint, said, “This transaction provides match funded, long-term financing for the underlying leases while also freeing up capacity in our revolving credit facility, enabling us to continue to build out our balance sheet and facilitate further growth of Waypoint’s platform. With our upsized credit facility and this term loan in place, we are extremely well positioned to finance future helicopter acquisitions and facilitate quick and seamless transactions with our large and growing customer base.”

Ed Washecka, CEO of Waypoint, added, “This is an innovative and highly efficient financing solution for a set of high quality assets. This loan helps reinforce Waypoint’s position as one of the most stable and reliable helicopter lessors in the market today.”

This financing brings Waypoint’s total debt commitments to more than $450 million, and together with its previously announced equity commitments, provides more than $830 million to support helicopter lease transactions for its diverse customer base. Waypoint’s acquired fleet includes 37 aircraft delivered and on lease with total value in excess of $400 million.

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.

About Goldman Sachs:

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.




Media

Sard Verbinnen & Co

Andrew Cole/Jared Levy

212-687-8080

waypoint-svc@sardverb.com

Source: Waypoint Leasing


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Source: Business Wire


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