BOC AVIATION SIGNS US$500 MILLION FIVE-YEAR SYNDICATED TERM LOAN FACILITY
BOC Aviation Pte. Ltd. (“BOC Aviation” or “the Company”) is pleased to announce that it has signed a US$500 million 5-year unsecured syndicated term loan facility (the “Facility”). The Facility is the largest syndicated term loan closed by BOC Aviation, and the proceeds will be used for general corporate purposes.
Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia, DBS Bank Ltd., and Westpac Banking Corporation are the Mandated Lead Arrangers and Bookrunners of the Facility. The Facility drew the participation of nine other international, regional and local financial institutions, adding five new financiers to the Company’s lending group.
Phang Thim Fatt, Chief Financial Officer and Deputy Managing Director of BOC Aviation, said: “Our success in closing the Company’s largest ever syndicated loan facility with 13 financial institutions demonstrates our proven ability to continually diversify into new sources of capital to fund the growth of BOC Aviation.”
BOC Aviation is a leading global aircraft leasing company with a portfolio of 253 owned and managed aircraft operated by 59 airlines worldwide in 29 countries, with commitments to acquire 203 aircraft, as of 30 September 2015. BOC Aviation, owned by Bank of China, is based in Singapore with offices in Dublin, London, Seattle and Tianjin.