RSS Feed for this search

Cit-group

LCI Successfully Closes $325M Secured Asset-Backed Facility

LCI Successfully Closes $325M Secured Asset-Backed Facility

LCI, the aviation leasing division of the Libra Group, has successfully closed a five-year, US$325 million asset-backed credit facility for its helicopter-leasing arm LCI Helicopters. The facility was substantially over-subscribed resulting in an enlarged provision to meet demand. An option to increase the facility to $425 million was also added. The funds will be used to expand the company’s… Read more »

Source: LCI, 02-Oct-14

CIT provides financing to Lease Corporation International for three AW139s

CIT provides financing to Lease Corporation International for three AW139s

CIT Group Inc. (NYSE: CIT), a global leader in transportation finance, today announced that CIT Transportation Lending provided financing to Dublin-based Lease Corporation International (LCI) to acquire three AgustaWestland 139 helicopters. The aircraft are in offshore oil and gas configuration and are on lease to UK-based Bond Helicopters and Malaysia-based Weststar Aviation. CIT Transportation Lending… Read more »

Source: CIT, 02-Jul-13