Helicopter Lessor Milestone Aviation Further Increases Cash and Credit on Hand

 - January 9, 2014, 2:00 PM

On the heels of secured note private placement that brought in $575 million in cash earlier this week, helicopter lessor Milestone Aviation Group announced today that it has closed on an unsecured $200 million revolving credit line. This new facility increases Milestone’s unsecured borrowing capacity to $450 million and revolving borrowing capacity to $800 million. “This revolver increases Milestone’s liquidity and provides greater financial flexibility to exploit the many opportunities we see to grow our business and serve our customers,” said Milestone chairman and CEO Richard Santulli.