CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), has successfully closed a secured portfolio financing facility for US$700 million, covering a fleet of 19 Airbus and Boeing aircraft.
“Diversifying financing sources at a competitive cost of capital is a key objective for CDB Aviation, and we appreciate the strong support from our banking partners in concluding this transaction,” said CDB Aviation Chief Financial Officer Will Gramolt.
The seven-year facility is provided by a group of eight banks, consisting of: BNP Paribas, Crédit Agricole Corporate & Investment Bank, ING Bank, National Australia Bank, Natixis, Société Générale, Sumitomo Mitsui Trust Bank, and Westpac Banking Corporation, each acting as Mandated Lead Arranger.
Crédit Agricole Corporate & Investment Bank is acting as Facility Agent. The Security Trustee is Bank of Utah. Allen & Overy acted as counsel for the Mandated Lead Arrangers. Clifford Chance represented CDB Aviation.Email Post to a Friend