BOC Aviation has closed a $1.5 billion unsecured syndicated revolving credit facility.
The facility – which marks the largest financing transaction closed by the Singapore-based lessor –  had an original launch size of  $1 billion but was upsized by a further $500 million.
The deal comprises two $750 million tranches with tenors of three years and five years.
DBS Bank, Oversea-Chinese Banking, United Overseas Bank, The Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, The Hongkong and Shanghai Banking Corporation, Westpac Banking Corporation and Citigroup Global Markets are the original mandated lead arrangers and bookrunners for the facility.
29 financial institutions are participating in the facility, including 14 new lenders to BOC Aviation