BOC Aviation has signed a $500 million five-year unsecured term loan facility. The facility will be used to repay a maturing term loan facility. The borrower is BOC Aviation Ireland Limited, and the facility is guaranteed by BOC Aviation.
Steven Townend, Deputy Managing Director, and Chief Financial Officer of BOC Aviation, said: “We are very pleased to conclude another unsecured term loan financing at a similar pricing level to our existing deal. This commitment from a diverse group of lenders signals their confidence in our company’s strong credit profile and will support our future growth.”
Bank of Communications, Hong Kong Branch, Bank of Communications, Singapore Branch, China Everbright Bank, Hong Kong Branch, The Hong Kong and Shanghai Banking Corporation, KfW IPEX-Bank, National Bank of Kuwait, Singapore Branch, Oversea-Chinese Banking Corporation, and Westpac Banking Corporation, Singapore Branch, are lenders to the facility. Westpac Banking Corporation is the global coordinator and documentation agent.