BOC Aviation Limited is pleased to announce the successful completion of a self-arranged club loan transaction, raising a total of US$2.3 billion from 25 banks worldwide. This five-year agreement marks a significant milestone for the company, surpassing its previous record of US$1.375 billion secured in October 2023.
The transaction encompasses four facilities provided by banks globally to both BOC Aviation and BOC Aviation (Ireland). DBS Bank Ltd. acted as the Global Coordinator and Documentation Agent, while The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, served as the Facility Agent for all four facilities.
The proceeds from this substantial financing will be utilized for general working capital purposes, capital expenditures, and the refinancing of existing debts. This landmark transaction underscores BOC Aviation’s robust financial position and its strategic approach to maintaining a diversified funding base.
By collaborating with a wide array of international banks, the company not only enhances its liquidity but also strengthens its ability to support long-term growth and investment plans within the competitive aviation leasing market.
“We are grateful to have a strong panel of banking partners, which has supported our largest club loan transaction. The transaction, which closed at highly competitive pricing levels, provides us with additional resources as we expand our modern aircraft portfolio,” commented Wu Jianguang, Chief Financial Officer, BOC Aviation.
