CDB Aviation Signs Facility Agreement for $530 Million Unsecured Syndicated Term Loan

DUBLIN – May 10, 2022 – CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Limited (“CDB Leasing”), announced today the signing of a US$530 million unsecured syndicated term loan with BNP Paribas and a group of leading global financial institutions.

“This credit facility marks another important step in diversifying our company’s financing sources at a competitive cost of funds, while boosting our increasingly strong liquidity position,” commented Brendan O’Neill, CDB Aviation’s Chief Financial Officer. “We thank our banking partners for placing their trust in our platform and supporting our strategic direction.”

The facility was led by BNP Paribas as agent with funding from such leading aviation lenders as: BNP Paribas, acting through its Singapore branch, MUFG Bank, Ltd., as the mandated lead arrangers and bookrunners; Bank of Communications Hong Kong Branch; China CITIC Bank London Branch; The Hongkong and Shanghai Banking Corporation Limited; and Agricultural Bank of China, acting through its New York branch. The proceeds will fund new capital expenditure, debt refinancing, general corporate, and working capital.

“Our capital raising campaigns continue to attract increasingly strong interest from a diverse lender base from across the world,” underlined Patrick Hannigan, CDB Aviation’s Chief Executive Officer. “The successful outcome of these initiatives is a testament to our team’s exceptional ability to manage all commercial, legal, and finance aspects of such complex transactions.”