• High level of interest from a broad diverse banking group indicates confidence in the company growth strategy -

Dublin, January 29th 2020: SMBC Aviation Capital today announced that it has closed a USD600 million syndicated financing transaction comprising a USD200 million term loan and a USD400 million revolving credit facility with a consortium of Asian-Pacific and European banks. The transaction generated strong interest from the banking market resulting in attractive terms reflecting SMBC Aviation Capital’s status as one of the industry’s highest rated, Investment Grade aircraft lessors.

Australia and New Zealand Banking Group Limited acted as the Global Co-ordinator while 6 banks including Australia and New Zealand Banking Group Limited, CaixaBank, Bank of China Macau Branch, Cathay United Bank, E.Sun Commercial Bank, Ltd. Tokyo Branch and First Commercial Bank, Offshore Banking Branch acted as Mandated Lead Arrangers and Bookrunners on the 5 year facilities. The general syndication resulted in eight further banks entering the transaction with Lead Arranger and Arrangerstatus. Eight of the fourteen banks which entered the transaction are new banking relationships. The proceeds from the transaction will be used for general corporate purposes.

Commenting on the transaction, Barry Flannery, Chief Financial Officer of SMBC Aviation Capital, said: “The level of interest in this transaction further demonstrates the market’s confidence in our business and our commitment to diversifying our funding sources. We are pleased to broaden our relationships with some of the leading banks in the Asian Pacific and European markets. Together with our corporate bond programme and ongoing shareholder support, this will underpin the delivery of our future growth with $6.5bn of liquidity currently available to the business”.