CDB Aviation has closed a $525 million unsecured credit facility, marking the company’s first such syndicated transaction.
The company, which is a wholly owned Irish subsidiary of China Development Bank Financial Leasing, will use the five-year facility for general corporate purposes.
The five-year facility was led by Bank of China (Hong Kong), Crédit Agricole Corporate and Investment Bank, Goldman Sachs (Asia), Mizuho Bank, and Société Générale Corporate and Investment Banking as mandated lead arrangers and bookrunners.
Crédit Agricole Corporate and Investment Bank acted as the facility Agent.
“This inaugural credit facility is an important step in further diversifying our company’s financing sources at a competitive cost of funds,” said CDB Aviation chief financial officer Will Gramolt.
“We are very pleased to have received such strong interest from a global lender base, and thank our banking partners for placing their trust in CDB Aviation. We see this as a testament to the strength of our global platform and an endorsement of our leading industry position and vision.