BOC Aviation has signed a US$1.375bn club term loan transaction with 16 banks globally. The five-year unsecured term loan transaction, which is the largest the company has signed since its inception in 1993, comprises three facilities provided by banks from Asia, Europe, North America and the Middle East to BOC Aviation, BOC Aviation (USA) and BOC Aviation (Ireland). Citigroup Global Markets Singapore acted as the global coordinator and documentation agent with HSBC, Singapore Branch, acting as facility agent for all three facilities. The proceeds will be used for general working capital purposes and refinancing existing debts. “We are very pleased

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