CALC closes US$195million debut syndicated loan

China Aircraft Leasing Group (CALC) has signed an US$195 million syndicated loan facility with a consortium of six financial institutions, marking its debut in the syndicated loan market. The oversubscribed facility will be used to finance part of pre-delivery payments of Airbus A320 family aircraft, which are expected to be delivered in 2019 and 2020. “CALC is delighted with the reception of the syndicate banks to its debut deal. The facility is a further endorsement of our exceptional business model and prospects, following the successful launch of our USD300 million unsecured bonds in the international bond market earlier this month,”