KKR Financial Agrees To Invest In Excess Of $100 Mln In LCI Helicopters

(RTTNews) - Lease Corporation International or "LCI", a Libra Group company, and KKR Financial Holdings LLC (KFN), a specialty finance company managed by a subsidiary of KKR & Co. L.P. (KKR), announced that they have entered into a definitive agreement under which KFN has agreed to invest in excess of $100 million in LCI Helicopters Ltd or "LCIH", the helicopter leasing subsidiary of LCI, in exchange for a minority stake in LCIH's common equity.

A highly experienced aerospace leasing corporation founded in 2004, LCI entered the helicopter leasing business in February 2012 through LCIH and has since been very active, with a $400 million order for a fleet of modern, versatile AgustaWestland AW139, AW169 and AW189 helicopters. The helicopters are being delivered to LCIH over a five-year period and will be deployed to a range of offshore, search and rescue and other applications.