News — 2024
SMBC Aviation Capital announces unsecured global syndicated finance facility of US$1.5 billion
- Global syndication deal raised US$1.5 billion from 29 financial institutions
- Continues to increase diversification in banking relationships, with 40% of the funding being new lenders to the company
- 75% revolving credit facility capacity provides operational flexibility for SMBC Aviation Capital’s business requirements
- Global syndication deal raised US$1.5 billion from 29 financial institutions
- Continues to increase diversification in banking relationships, with 40% of the funding being new lenders to the company
- 75% revolving credit facility capacity provides operational flexibility for SMBC Aviation Capital’s business requirements
Dublin, 24 June 2024: SMBC Aviation Capital, one of the world’s leading aircraft leasing companies, today announced that it has finalised a 5-year global syndicated finance facility.
The transaction raised US$1.5 billion from 29 financial institutions, 13 of which are new banking relationships for SMBC Aviation Capital. The senior syndication phase of the transaction included participation from 10 banks, while the general syndication phase of the transaction included participation from a further 19 banks. The syndicated finance facility comprises a US$375 million term loan and a US$1.125 billion revolving credit facility with a consortium of American, Asian, Australian, European and Middle East banks.
Commenting on the transaction, Aisling Kenny, Chief Financial Officer, SMBC Aviation Capital, said:
“This transaction represents a further milestone in our syndicated banking programme and demonstrates our ability to raise large scale, competitively priced capital. The deal is global in nature and further increases the diversification of our banking relationships, as we welcomed 13 new banking partners as part of the syndication. The revolving credit facility which forms 75% of this transaction will provide further operational flexibility for the future liquidity needs of SMBC Aviation Capital.”
Citigroup Global Markets Asia Limited (Citi) acted as Global Co-ordinator, and together with eight banks, including Bank of China Limited, Caixabank S.A., Cathay United Bank, DBS Bank Limited, Emirates NBD Capital Limited, Oversea-Chinese Banking Corporation Limited, Taipei Fubon Commercial Bank Co., Limited and Taishin International Bank Co., Limited acted as Senior Mandated Lead Arrangers and Bookrunners. Australia and New Zealand Banking Group Limited, Singapore Branch acted as Mandated Lead Arranger and Bookrunner.
-ENDS-
For more information please contact:
Media:
Conor Irwin, SMBC Aviation Capital +353 87 381 6106
Richard Webster-Smith, FGS Global +44 20 7251 3801
Giles Bethule, FGS Global +44 20 7251 3801
Investors:
Conor O’Sullivan, SMBC Aviation Capital +353 86 604 1138
Note to Editors
ABOUT SMBC AVIATION CAPITAL:
Headquartered in Dublin, Ireland, SMBC Aviation Capital is one of the world’s largest aircraft lessors. SMBC Aviation Capital has a high-quality global airline customer base with a portfolio comprising 83% narrow-body aircraft and 66% new technology aircraft (by net book value). With an owned managed and committed fleet of over 950 aircraft, SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business. For more information, please visit: https://www.smbc.aero/
Latest News
03/12/2024
SMBC Aviation Capital delivers first ever Airbus A321neo LR to Icelandair
Read more21/11/2024
SMBC Aviation Capital delivers strong financial performance for half year ended 30 September 2024 with 16% increase in profit before tax
Read more18/11/2024
SMBC Aviation Capital signs lease agreements with Breeze Airways for 3 Airbus A220-300 aircraft
Read more18/10/2024
SMBC Aviation Capital delivers Airbus A320-251N to Sky
Read more