CGCF was able to provide the Lessee with diversified financing, despite revolving credit facility issues, for equipment located all over the world including the Philippines and the Gulf of Oman at very competitive interest rates.
Equipment: Fixed Wing, Helicopter and Ground Services Equipment
Lessee: S&P rated B- $800mm Aviation Services Company involved in all aspects of the aviation services industry including cargo carrying, air ambulance, offshore transport, firefighting, etc
Transaction: $382MM Revolver, 1st & 2nd Lien Term Debt and Tax Lease
Highlights: The Lessee had long standing relationships with major national bank and independent equipment leasing companies until CGCF was allowed to demonstrate our capabilities to provide the lowest cost financing on all of their financing needs.
The Lessee placed a going concern statement in their audit letter due to some issues they had with their revolving credit facility. CGCF was still able to provide them with diversified financing for equipment located all over the world including the Philippines and the Gulf of Oman at very competitive interest rates.