A Member of Bank of China Group

Press Release

BOC Aviation Signs US$935 Million In Unsecured Syndicated Credit Facilities

31 Aug 2021

BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has signed unsecured syndicated US$935 million credit facilities comprised of a US$500 million revolving credit facility and a US$435 million term loan facility (the “Facilities”), both with a tenor of five years. Following a strong response from lenders after the launch into general syndication, the Facilities were increased to a combined final size of US$935 million from an initial launch amount of US$750 million.

Bank of Communications Co., Ltd, BNP Paribas, Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, MUFG Bank, Ltd, Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited are the Original Mandated Lead Arrangers and Bookrunners (the “OMLABs”) for the Facilities. Participating in the Facilities are 16 financial institutions, including the OMLABs.

“We are very pleased to have completed this flexible financing package with some of our leading banking partners,” said Steven Townend, Deputy Managing Director and Chief Financial Officer of BOC Aviation. “The interest in this Facility has confirmed for us the continuing support of the loan markets for BOC Aviation and complements the liquidity that is available to us in the debt capital markets.”


About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a fleet of 536 aircraft owned, managed and on order. Its owned and managed fleet was leased to 87 airlines worldwide in 38 countries and regions as at 30 June 2021. 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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Timothy ROSS
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