Lobo Leasing Limited Announces the Expansion of its Global Helicopter Leasing Platform with a $200 Million Equity Commitment from Blackstone’s GSO Capital Partners

Dublin, February 4, 2014. Lobo Leasing Limited (“Lobo Leasing”) today announced that it has partnered with GSO Capital Partners LP (“GSO Capital”) a division 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 Logo 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

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.