Salus Closes $45.5MM Facility for Rotorcraft Leasing
Salus Capital Partners announced it provided a $45.5 million senior secured credit facility to Rotorcraft Leasing Company. Rotorcraft, a portfolio company of Sankaty Advisors, is a helicopter operator in the Gulf of Mexico region focused on the offshore energy industry. The financing will be used to refinance existing indebtedness and to provide working capital for general corporate purposes.
“This refinancing was a unique challenge that wasn’t a simple story,” said Brett L’Esperance, executive vice president of Sankaty Advisors. “The Salus team was quick to respond to the challenge and met it in every way. They told us what they were going to do and delivered, all within a very tight timeframe. Salus got it done.”
“Salus Capital embraces complexity and best-in-class execution. A creative solution and collaborative effort at every level were employed in order to ensure that we not only achieved, but rather exceeded, the desired outcome that was put to us from the outset,” said Andrew H. Moser, president of Salus Capital. “We enjoyed working with the Rotorcraft management team and the principals at Sankaty in structuring this transaction expeditiously and look forward to a mutually beneficial longstanding relationship.”
Sankaty Advisors is a private manager of fixed income and credit instruments.