SMBC Aviation Capital closes $500 million senior unsecured notes offering

Dublin, July 20, 2017: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, today announced that its wholly-owned subsidiary, SMBC Aviation Capital Finance DAC, has closed the sale of $500 million principal amount of 3.00%, 5-year senior unsecured notes due July 2022 (the “Notes”). The Notes are fully and unconditionally guaranteed by SMBC Aviation Capital.

This successful bond placement - priced at US Treasuries plus 115 basis points - follows SMBC Aviation Capital’s debut capital markets issuance in July 2016. The proceeds from the offering will be used for general corporate purposes which may include, among other things, the purchase of aircraft and the repayment of existing indebtedness.

Commenting on the issuance, Barry Flannery, Chief Financial Officer of SMBC Aviation Capital, said: “The successful execution of this transaction demonstrates the market’s confidence in our business and our commitment to diversifying our sources of funding. Our bond programme is the foundation of our third-party funding strategy and, together with our ongoing shareholder support, will underpin the delivery of our future growth”.