International Lease Finance Corporation (ILFC) announced the commitment for $1.3 billion of a secured term loan with a group of 15 banks from Europe, Asia and North America. The company also has the right to upsize the transaction by $200 million in commitments from additional lenders. The facility, arranged by Citi and Credit Suisse as Joint Structuring and Placement Agents, along with BNP Paribas as an additional Joint Placement Agent, will be funded over the next 12 months and will mature in 2018.
This transaction enables ILFC to improve its overall capital structure through diversification of funding sources. The bank group, which includes institutions from China, Japan, Singapore, France, Switzerland and Germany, among other countries, has a deep understanding of the global aviation industry.
