BOC Aviation announces extension of US$2bn revolver with Bank Of China

BOC Aviation has extended the maturity dates of its existing committed unsecured revolving credit facilities with Bank of China to 2022. The extension has been entered into through a restated US$2 billion facility agreement that matures in 2022 and replaces two existing unsecured revolving credit facilities, each in an amount of US$1 billion, with earlier maturity dates of December 2017 and April 2019. “Under Bank of China ownership, BOC Aviation has grown into a top five global aircraft operating leasing company,’’ said Robert Martin, Managing Director & Chief Executive Officer of BOC Aviation. “With our strong access to the debt