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Hong Kong Aviation Capital closes new $725 million 5 year warehouse facility

Hong Kong Aviation Capital closes new $725 million 5 year warehouse facility

Hong Kong, August 20, 2015

Hong Kong Aviation Capital (HKAC) announces the completion of a new $725 million secured limited-recourse warehouse facility. The facility provides HKAC significant flexibility with 100% blind capacity to finance its future aircraft deliveries or refinance existing aircraft. The facility was oversubscribed and is priced competitively at a margin of 2.00%.

The facility was structured by Credit Suisse and was widely syndicated to banks based in the Americas, Europe, the Middle East and Asia, including Crédit Agricole Corporate and Investment Bank, RBC Capital Markets, EverBank, FGB, Natixis and Nomura. Credit Suisse, Crédit Agricole Corporate and Investment Bank and RBC Capital Markets served as Joint Lead Arrangers.

Donal Boylan, CEO of HKAC commented: “We are very pleased to have closed this milestone transaction for HKAC. The facility strengthens HKAC’s competitive positioning by providing flexibility to efficiently execute on new and existing campaigns with its blind capacity.”

Rick Macker, Head of Capital Markets for HKAC said: “We appreciate the strong support from our partner banks, and are delighted to establish a relationship with six new lenders through thisfacility. The warehouse closing is an important step in HKAC’s continuous efforts to expand and diversify its sources of financing, while maintaining a competitive cost of funds and increasing business flexibility.”

About Hong Kong Aviation Capital

Hong Kong Aviation Capital (HKAC) is a leading aircraft lessor with a global reach in terms of aircraft, airline portfolio quality and asset management capability. With offices in Hong Kong, Dublin and New York, HKAC combines investment expertise in commercial aircraft leasing and financial instruments with aircraft management and advisory services. HKAC’s mission is to create value for its clients and shareholders, and to uphold the reputation and values of its shareholders, the Bohai Leasing Co., Ltd, (Shenzhen Stock Exchange China publicly listed financial service company Public, SLE: 000415), and the HNA Group. Please visit  www.HKAC.com to learn more about HKAC.