Waypoint Leasing, a global helicopter leasing company, announced that it has raised a further $300 million in term loans to refinance existing assets previously funded under its revolving credit facility.

BNP Paribas, MUFG Union Bank, RBC Capital Markets and Wells Fargo Securities acted as lead arrangers and were joined by asset financier Lombard, Sumitomo Mitsui Banking, Everbank Commercial Finance and Capital One as Lenders.

The facility also includes an accordion feature to expand the borrowing capacity further, up to $400 million.

This term loan brings Waypoint’s total capital raised to $1.2 billion to date. The financing further enhances the company’s ability to acquire attractive and varied helicopter assets to its fleet quickly and with scale.

Alan Jenkins, CFO of Waypoint, said, “This term financing of a diversified pool of assets frees capacity under our revolving credit line to facilitate additional helicopter acquisitions. We are very pleased that leading financial institutions acted as arrangers and lenders for this transaction and their support is a further validation of Waypoint’s strong, long-term financial profile.”

Limerick, Ireland-based Waypoint Leasing is a global helicopter leasing company that provides operating lease and financing solutions to helicopter operators worldwide. Waypoint’s U.S. operations are based in Darian, CT.