16 January 2014
Lease Corporation International and KKR Financial Holdings LLC (NYSE: KFN) said that they have entered into a definitive agreement under which KFN will invest in excess of USD100m in LCI Helicopters in exchange for a minority stake in LCIH´s common equity.
The strategic investment will allow LCIH to grow its fleet significantly and advance its leadership position in the rapidly expanding helicopter leasing business.
Lease Corporation International (www.lciaviation.com) is a commercial aircraft and helicopter leasing company with offices in Dublin, London and Singapore.
KKR Financial Holdings LLC is a specialty finance company with expertise in a range of asset classes. KFN´s core business strategy is to leverage the proprietary resources of its manager with the objective of generating both current income and capital appreciation. Additional information regarding KFN is available at http://www.kkr.com.