Lobo Leasing Limited (“Lobo Leasing”) today announced that it has
partnered with GSO Capital Partners LP (“GSO Capital”), a division of
Blackstone (NYSE: BX), to further build its global helicopter leasing
company.
Affiliates of GSO Capital have committed $200 million of equity capital
to Lobo Leasing to fulfill the leasing needs of helicopter operators
providing mission critical services around the world, such as offshore
oil and gas crew transportation, search and rescue, emergency medical
services and general utility activities. Lobo Leasing is based in
Dublin, Ireland with an additional office in the San Francisco Bay area.
“We are very excited to enter the global helicopter leasing market with
Lobo Leasing,” said David Posnick, Senior Managing Director at GSO
Capital. “The Lobo Leasing management team has been involved in the
helicopter industry for over 30 years and brings a depth of expertise as
well as critical relationships to our partnership. We look forward to
working with Lobo Leasing to build a leading company in the industry.”
Bill Wolf, President and CEO of Lobo Leasing, stated, “We are pleased to
partner with GSO Capital who shares and supports our view of the
tremendous opportunity to build a large global helicopter leasing
platform. Our primary focus is on helping helicopter operators to grow
and manage their fleets by providing them with creative and bespoke
leasing solutions."
About Lobo Leasing
Lobo Leasing is a Dublin, Ireland based helicopter leasing company
serving the global helicopter industry. Lobo Leasing is managed
by a seasoned team of helicopter professionals with extensive experience
in the commercial helicopter industry. Lobo Leasing is focused on
assisting helicopter operators throughout the world on acquiring
aircraft through innovative leasing arrangements. The firm has
offices in Dublin, Ireland and San Francisco, California. Additional
information can be found at www.loboleasing.com.
About Blackstone
Blackstone is one of the world’s leading investment and advisory
firms. It seeks to create positive economic impact and long-term value
for its investors, the companies it invests in, the companies it advises
and the broader global economy. Blackstone does this through the
commitment of its extraordinary people and flexible capital. Its asset
management businesses include investment vehicles focused on private
equity, real estate, hedge fund solutions, non-investment grade credit,
secondary funds, and multi asset class exposures falling outside of
other funds’ mandates. Blackstone also provides various financial
advisory services, including financial and strategic advisory,
restructuring and reorganization advisory and fund placement services.
Further information is available at www.blackstone.com.
Follow Blackstone on Twitter @Blackstone.
About GSO Capital
GSO Capital Partners LP is the global credit platform of Blackstone.
GSO, together with its affiliates, has approximately $65 billion of
assets currently under management and is one of the largest
credit-oriented alternative managers in the world and a major
participant in the leveraged finance marketplace. GSO seeks to generate
superior risk-adjusted returns in its credit business by investing in a
broad array of strategies including mezzanine, distressed investing,
leveraged loans and other special situation strategies.
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