BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has signed unsecured syndicated US$935 million credit facilities comprised of a US$500 million revolving credit facility and a US$435 million term loan facility (the “Facilities”), both with a tenor of five years. Following a strong response from lenders after the launch into general syndication, the Facilities were increased to a combined final size of US$935 million from an initial launch amount of US$750 million.
Bank of Communications Co., Ltd, BNP Paribas, Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, MUFG Bank, Ltd, Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited are the Original Mandated Lead Arrangers and Bookrunners (the “OMLABs”) for the Facilities. Participating in the Facilities are 16 financial institutions, including the OMLABs.
“We are very pleased to have completed this flexible financing package with some of our leading banking partners,” said Steven Townend, Deputy Managing Director and Chief Financial Officer of BOC Aviation. “The interest in this Facility has confirmed for us the continuing support of the loan markets for BOC Aviation and complements the liquidity that is available to us in the debt capital markets.”