BOC Aviation signs largest club term loan

0
159
boc aviation

Singapore SA2024BOC Aviation Limited announced that it has signed a US$1.375 billion club term loan transaction with 16 banks globally. The five-year unsecured term loan transaction is the largest the company has signed since its inception in 1993 and comprises three facilities provided by banks from Asia, Europe, North America and the Middle East to BOC Aviation, BOC Aviation (USA) and BOC Aviation (Ireland).

Citigroup Global Markets Singapore Pte Ltd acted as the Global Coordinator and Documentation Agent with The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, acting as Facility Agent for all three facilities. The proceeds will be used for general working capital purposes and refinancing existing debts.

“We are very pleased to conclude our largest club term loan transaction at such competitive pricing levels. This will enable us to remain agile in the market, and to continue investing in accretive growth opportunities. We continue to see strong support from global banks and are pleased to add three new lenders to our banking group,” said Steven Townend, Deputy Managing Director and Chief Financial Officer of BOC Aviation.

BOC Aviation is a global aircraft operating leasing company with a fleet of 652 aircraft owned, managed and on order. Its owned and managed fleet was leased to 91 airlines in 42 countries and regions worldwide as at 30 June 2023. BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin.

AAV_Bulletin_NEWS


For Editorial Inquiries Contact:
Editor Matt Driskill at matt.driskill@asianaviation.com
For Advertising Inquiries Contact:
Head of Sales Kay Rolland at kay.rolland@asianaviation.com

AAV Media Kit
Previous articleAir New Zealand to extend COVID credits
Next articleDassault Aviation introduces FalconWays route optimisation tool

LEAVE A REPLY

Please enter your comment!
Please enter your name here