Financial Products Group (FPG), the Tokyo-headquartered, listed independent financial services firm and FPG Amentum, the Dublin-based aircraft leasing / management company signed a ¥11bn Credit Facility, including ¥8bn Dual Currency Tranche, with a group of banks for financing aircraft acquisitions by FPG Amentum. The facility, arranged by Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Trust Bank, and participated by Aozora Bank, Gunma Bank, and Shizuoka Bank, enables FPG Amentum to warehouse aircraft that the company acquires for Japanese Operating Lease (JOL) transactions.
“We are very excited to have this facility, as it gives us a strong financial back-up and greater flexibility to close transactions in a timely manner. This facility will boost our JOL business further,” said Katsuhiko Ando, Executive Director and Head of Strategic Business Development at FPG Amentum.