SMBC Aviation Capital closes $500 million senior unsecured notes offering

SMBC Aviation Capital’s wholly-owned subsidiary, SMBC Aviation Capital Finance DAC, has closed the sale of $500 million principal amount of 4.125%, five-year senior unsecured notes due July 2023.  The notes are fully and unconditionally guaranteed by SMBC Aviation Capital. This successful bond placement – priced at US Treasuries plus 133 basis points – follows SMBC Aviation Capital’s capital markets issuances in 2016 and 2017 and means the company has now raised $1.5 billion in the bond markets since the commencement of the program. The proceeds from the offering will be used for general corporate purposes which may include, among other