Waypoint Leasing granted approval of $650 million sale to Macquarie

By Caroline Salls

Pittsburgh, Feb. 15 – Waypoint Leasing Holdings Ltd. obtained court approval of the $650 million sale of substantially all of its assets to Macquarie Rotorcraft Leasing Holdings Ltd., according to an order filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

On Thursday, Waypoint obtained court approval of the sale of the interests in two subsidiaries. Administrative agent Sumitomo Mitsui Banking Corp., Brussels Branch, and collateral agent Sumitomo Mitsui Banking Corp. Europe Ltd. submitted a streamlined creditor bid for 100% of the equity interests of Waypoint Asset Co. 12 Ltd., and facility agent and lender Lombard North Central plc submitted a streamlined credit bid for 100% of the equity interests of Waypoint Asset Co. 9 Ltd.

Limerick, Ireland-based Waypoint is a global helicopter leasing company that provides operating lease and financing solutions to helicopter operators worldwide. The company filed bankruptcy on Nov. 25 under Chapter 11 case number 18-13648.

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