Waypoint agrees $85 million loan

Helicopter leasing specialist, Waypoint, has agreed a five-year, $85 million loan with Deutsche Bank in a move that has brought its total capital to $1.7 billion.

Limerick- and US-based Waypoint confirmed on Wednesday that it has closed on the five-year $85 million facility with lead lender, Deutsche Bank.

Alan Jenkins, Waypoint's chief financial officer, said, "We are very pleased that Deutsche Bank AG has led this facility and joined our well diversified pool of over 20 lender relationships to date".

The loan brings Waypoint’s total debts to more than $1.2 billion, and together with previously announced equity commitments, total financing to $1.7 billion.

Waypoint’s helicopter fleet includes more than 100 craft delivered and leased to customers in 22 countries.