BOC Aviation has completed a self-arranged club loan transaction worth US$2 billion with the participation of 19 international banks, strengthening its funding base and supporting future growth.
The financing package includes three components: US$1 billion in five-year unsecured term loan facilities, US$500 million in five-year unsecured committed revolving credit facilities, and US$500 million in seven-year unsecured term loan facilities. The latter represents the first loan of this tenor arranged by the company.
DBS Bank Ltd. acted as Global Coordinator and Documentation Agent for the transaction, while The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch served as facility agent.
The deal also expanded BOC Aviation’s lending network, with two new banks joining its group of financial institution partners.
Proceeds from the financing will be used for general working capital requirements, capital expenditure and the refinancing of existing debt, supporting the company’s ongoing fleet investment and financial management strategy.
