A Member of Bank of China Group

Press Release

BOC Aviation Signs US$500 Million Club Loan

31 Oct 2022

BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has signed a US$500 million unsecured term loan facility (the “Facility”) with a tenor of five years. The Facility will be used to repay a maturing term loan facility. The borrower under the Facility is BOC Aviation (Ireland) Limited and the Facility is guaranteed by BOC Aviation.

Bank of Communications., Ltd. Hong Kong Branch, Bank of Communications., Ltd. Singapore Branch, China Everbright Bank Co., Ltd. Hong Kong Branch, The Hongkong and Shanghai Banking Corporation Limited, KfW IPEX-Bank, National Bank of Kuwait S.A.K.P., Singapore Branch, Oversea-Chinese Banking Corporation Limited and Westpac Banking Corporation, Singapore Branch, are lenders to the Facility. Westpac Banking Corporation is the Global Coordinator and Documentation Agent for the Facility.

“We are very pleased to conclude another unsecured term loan financing at a similar pricing level to our existing deal,” said Steven Townend, Deputy Managing Director and Chief Financial Officer of BOC Aviation. “This commitment from a diverse group of lenders signals their confidence in our Company’s strong credit profile and will support our future growth.”

About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a fleet of 612 aircraft owned, managed and on order. Its owned and managed fleet was leased to 81 airlines in 38 countries and regions worldwide as at 30 September 2022. 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.

 

*******

 

For more information, please contact:

Timothy ROSS

Tel: +65 6325 9878

Mob: +65 9837 9873

Timothy.ross@bocaviation.com

www.bocaviation.com