Waypoint Leasing Enters into Definitive Agreement to Sell Its Assets to Macquarie Group for $650 Million
Summary
To facilitate the completion of its sale to Macquarie, Waypoint has received commitments from a consortium of several of its existing lenders for $45 million of debtor-in-possession (“DIP”) financing.The DIP financing will provide Waypoint with ample liquidity to continue operating in the ordinary course during its Chapter 11 bankruptcy case.The expertise of our combined resources and human capital will give us an unparalleled foundation to bring stability and a long-term balance to a sector filled with uncertainty.We remain incredibly grateful for the support of our stakeholders throughout our transformation process, including our lenders, customers, OEMs and MROs and, above all, our employees who have worked tirelessly.In addition to Ireland, Waypoint has offices in London, the United States, Canada, Hong Kong, Brazil and South Africa.
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