Huntington Agents $600MM Revolver for Milestone Aviation
Helicopter leasing company Milestone Aviation Group announced it has closed on a five-year, $600 million revolving credit line that includes an unfunded revolving accordion feature to expand the borrowing capacity up to $750 million.
Milestone said a global mix of 12 financial institutions were involved in the facility, including nine that have participated in prior Milestone financings as well as three new financial partners:
“We are extremely pleased to have played a lead role in structuring and arranging this very important senior secured revolving credit facility,” said chairman, president and CEO Steve Steinour of Huntington Bank. “Huntington has worked with Milestone since it was founded, and this facility provides access to another level of the capital markets, which further validates Milestone’s successful business model and strong management team.”