BOC Aviation Limited (BOC Aviation) has successfully concluded a self-arranged club loan transaction involving 25 banks worldwide, amounting to US$2.3 billion. This five-year agreement represents the company’s largest transaction to date, surpassing the US$1.375 billion club loan signed in October 2023. The transaction consists of four facilities extended by global banks to 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 funds raised will support general working capital needs, capital expenditure and the refinancing of existing debts.
“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,” said Wu Jianguang, Chief Financial Officer, BOC Aviation.
