Press Release
BOC AVIATION SIGNS LARGEST CLUB TERM LOAN TRANSACTION SINCE INCEPTION
09 Oct 2023
BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce 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.
About BOC Aviation
BOC Aviation is a leading 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. For more information, visit www.bocaviation.com.
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For more information, please contact:
Timothy ROSS
Tel: +65 6325 9878
Mobile: +65 9837 9873
[email protected]
www.bocaviation.com