News
BOC Aviation secures US$1.375 billion in loan facilities
October 11th 2023
Lessor BOC Aviation has completed a US$1.375 billion financing round through loan facilities with 16 Asia, Europe, North America and Middle East banks. Read More » The proceeds will be used for general working capital and refinancing of existing debt at BOC Aviation and BOC Aviation (USA) and BOC Aviation (Ireland). “We are very pleased to conclude our largest club term loan transaction at such competitive pricing levels,” BOC Aviation chief financial officer, Steven Townend, said. “This will enable us to remain agile in the market and invest in accretive growth opportunities. We continue to see strong support from global banks and are pleased to add three new lenders to our banking group.” BOC Aviation said Citigroup Global Markets Singapore Pte Ltd was the global coordinator and documentation agent for the transaction and that the HSBC’s Singapore Branch acted as the facility agent for all three facilities.
