Press Release
BOC Aviation Signs US$500 Million Five-Year Syndicated Term Loan Facility
01 Dec 2015
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.
For more
information, please contact:
Claire LEOW
Tel: +65 6325 9638
[email protected]
www.bocaviation.com