CIT Group

LCI Successfully Closes $325M Secured Asset-Backed Facility

LCI Successfully Closes $325M Secured Asset-Backed Facility

2-Oct-2014Source: LCI

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

CIT provides financing to Lease Corporation International for three AW139s

CIT provides financing to Lease Corporation International for three AW139s

2-Jul-2013Source: CIT

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

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