SMBC Aviation Capital announces unsecured global syndicated finance facility of US$1.5 billion

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/