CALC closes its first unsecured syndicated loan

CALC has recently closed its first unsecured syndicated loan, a $175 million loan, which closed at $425 million after receiving an overwhelming market response. The tenor of the loan was 4.5 years. The purpose of this syndicated loan will be used to finance or refinance part of Pre-Delivery Payments (PDP) to be made for aircraft acquiring. “CALC is delighted with the reception of the syndicate banks to the deal, and is particularly pleased to see that more financial institutions to get into the aviation finance sector, reflecting their growing knowledge and confidence in the aircraft leasing industry,” said Barry Mok,