MUFG has closed a senior secured $44 million, nine-year term loan facility for aircraft lessor Avation. The facility will go towards refinancing two of Avation’s leased Airbus A220-300 aircraft.
June Raj, MUFG’s Head of Aviation Finance for Asia Pacific, said: “This transaction is significant as it defines and showcases MUFG as a bona fide Aviation Finance bank, demonstrating the bank’s unique and deep understanding of aviation assets, sophisticated structuring capabilities, and relationship strength. It also represents a breakthrough in our close relationship with Avation PLC and paves the way for further collaboration with the company.”
MUFG was the sole mandated lead arranger, facility and security agent.