SMBC Aviation Capital flies past the $1bn mark

SMBC Aviation Capital’s wholly-owned subsidiary, SMBC Aviation Capital Limited DAC, has closed the sale of $500 million of its 2.65% senior unsecured notes due 2021.  The notes are fully and unconditionally guaranteed by SMBC Aviation Capital. Proceeds from the offering will be used for general corporate purposes, which may include, among other things, the purchase of aircraft and the repayment of existing indebtedness. SMBC Aviation Capital has also announced its financial results for the fiscal year ended 31 March 2016, with revenue surpassing $1billion for the first time in the company’s history. Revenue rose by 15% to $1,046 billion, with