Omni Helicopters International Secures R$200 Million in New Financing

✦ Meridian Analysis

Omni Helicopters International (OHI) has closed two financing facilities in the fourth quarter of 2026, raising R$200 million (about $38 million) through a Brazilian debenture and a bank credit note. Both instruments are denominated in reais, carry maturities of two and four years and bear an average interest rate of CDI + 4.3 % (all‑in cost CDI + 4.8 %). The facilities are secured against cash flows from OHI’s service contracts with Petrobras, with payments routed through Petrobras’s Progredir portal to a designated collection account. Monthly interest and principal repayments commence after an initial grace period, and any surplus cash after service of the facilities is immediately available to the group. OHI, the issuer, uses the funding to bolster liquidity, support working‑capital needs and continue its deleveraging programme, while the lenders obtain a cash‑flow‑backed security on a proven revenue stream. What remains undisclosed are the identities of the participating lenders, any covenant package attached to the facilities and the exact pricing terms beyond the stated interest spread. Details on advisory banks, the size of any revolving component, and the timetable for the anticipated net‑leverage reduction to the low‑3x range in 2027 would be of interest to deal professionals monitoring OHI’s balance‑sheet evolution.

The Meridian Weekly