CDB Aviation enters into $650 million facility agreement

CDB Aviation, has entered into a facility agreement for a $650 million secured portfolio financing of fifteen Airbus and Boeing aircraft. The financing facility is secured by portfolio of Airbus A320/A321NEO, A330-900 and Boeing 737-8 and 787-9 Dreamliner aircraft. The seven-year facility is provided by a group of mandated lead arrange banks consisting of Crédit Agricole Corporate and Investment Bank and Natixis acting as debt coordinators, Bank of Communication, HSBC and ING Bank. Crédit Agricole Corporate and Investment Bank also acted as facility agent and security trustee. Allen & Overy is the banks’ legal counsel while Clifford Chance represented CDB