{"id":89327,"date":"2024-09-04T00:00:00","date_gmt":"2024-09-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/04\/avilease-secures-usd-2-5-bn-refinancing-facility\/"},"modified":"2024-09-04T00:00:00","modified_gmt":"2024-09-04T00:00:00","slug":"avilease-secures-usd-2-5-bn-refinancing-facility","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/04\/avilease-secures-usd-2-5-bn-refinancing-facility\/","title":{"rendered":"AviLease secures USD 2.5 bn refinancing facility"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>PIF-owned jet lessor <\/strong><strong><a target=\"_blank\" href=\"https:\/\/avilease.com\/\" style=\"\" rel=\"noopener\">AviLease<\/a><\/strong><strong> raised a USD 2.5 bn 5-year unsecured term <\/strong><strong>facility from a syndicate of 24 local, regional, and international lenders<\/strong>, according to <a target=\"_blank\" href=\"https:\/\/avilease.com\/articles\/successful-bridge-loan-refinancing-shows-high-confidence-in-avilease-operating-model-and-growth-prospects\/\" style=\"\" rel=\"noopener\">a statement<\/a>. The issuance was 2.7x oversubscribed, the statement read. The facility is structured in two parts, including a conventional facility worth some USD 1.7 bn and a Shariah-compliant USD 770 mn facility.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The facility will go towards refinancing a <\/strong><strong>2023 <\/strong><strong>bridge facility<\/strong> that helped finance AviLease\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/22dfbf48-e5d5-40bc-b602-ba121a6c438b\/oil-ministry%25e2%2580%2599s-strategy-to-focus-on-price-management-in-2024-2025,-but-its-long-term-outlook-on-demand-is-unchanged--report\" style=\"\" rel=\"noopener\">USD 3.6 bn acquisition<\/a> of Standard Chartered\u2019s global aviation finance leasing business which comprises more than 120 aircrafts, the statement read. The bridge facility was earmarked for fleet expansion, as AviLease eyes a spot among the top 10 global aircraft lessors by 2030. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ADVISORS- <\/strong>Our friends at <strong>HSBC Bank Middle East <\/strong>acted as lead arrangers on the conventional part, alongside <strong>Bank of Dubai<\/strong>, and <strong>Natixis<\/strong>, while <strong>Abu Dhabi Commercial Bank <\/strong>was the coordinating bank. For the Shariah-compliant facility, <strong>Mizuho Bank <\/strong>acted as coordinating bank, while <strong>Saudi National Bank<\/strong> and <strong>Warba Bank<\/strong> acted as lead arrangers. Meanwhile,<strong> White & Case<\/strong> acted as legal counsel to AviLease, while <strong>Pillsbury <\/strong>advised the lenders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The funds will go towards refinancing a 2023 bridge facility<\/p>\n","protected":false},"author":1,"featured_media":89328,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2590],"tags":[93,2485,57,10],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-aviation","tag-avilease","tag-debt-watch","tag-enterpriseam-ksa","wpautop","entry"],"acf":{"mongo_id":"fb26c3be-d208-4d6f-a9c4-bdcd8729ec95","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/219.jpg","photo_position":"above","homepage_title":"","full_issue_title":"AviLease closes USD 2.5 bn 5-year debt facility","related_issue":[89316],"teaser":"The funds will go towards refinancing a 2023 bridge facility","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.2b31f201-c8c0-4558-b906-8f7924b16329.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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