CIT Group announced it served as joint lead arranger and administrative agent in a $325 million senior secured credit facility to LCI Helicopters, the helicopter leasing subsidiary of Lease Corporation International. The facility will be used to acquire new medium and heavy twin engine helicopters for onward lease to helicopter operators and includes an option to increase the facility size to $425 million.

Financing was provided by CIT Bank. Terms of the transaction were not disclosed.

“As a global leader in transportation finance, we are pleased to have arranged this financing that will allow LCIH to grow their fleet as they look to meet the increasing market demand for medium and heavy twin engine helicopters,” said Chris Cantwell, group head and managing director of CIT Corporate Finance, Aerospace & Defense. “These helicopters are in high demand as operators, particularly those in the oil and gas, search and rescue, and emergency medical services sectors, seek the most advanced technology equipment to meet their needs.”