Rotorcraft Leasing Re-Structures | Aviation International News

Rotorcraft Leasing Re-Structures

The largest privately held offshore oil and gas helicopter operator in the Gulf of Mexico announced a sweeping restructuring last month that includes refin

By Mark Huber • Contributor

October 3, 2011

The largest privately held offshore oil and gas helicopter operator in the Gulf of Mexico announced a sweeping restructuring last month that includes refinancing, rebranding and the appointment of a new CEO. Rotorcraft Leasing will now be known as RLC. The company announced that it has secured a “strategic investment” of an undisclosed amount from Sankaty Advisors. “This funding milestone gives RLC the financial stability necessary to allow the company to excel at providing the service our customers have come to rely upon,” said Rodger Bagwell, RLC’s president. “Sankaty’s strategic, long-term approach to investing will be invaluable as we pursue our goals and work to realize our potential.”

Boston-based Sankaty describes itself as “one of the nation’s leading private managers of fixed income and credit instruments” and claims $18 billion under management.

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