Asiana Closes Finance Lease For 777-200er

摘要

Asiana Airlines has closed an Ex-Im Bank-backed finance lease for one 777-200ER. The deal is worth about $130 million. Citibank is sole arranger and Ex-Im guaranteed lender. A junior loan is provided by Korean Development Bank for 7% of the deal value, with Asiana providing equity for the remaining 8%. Wells Fargo is security trustee. The guaranteed loan has a tenor of 12 years and the junior loan five years. The deal closed on November 25. The aircraft will be deployed in the US, Japan, China and Hong Kong. Clifford Chance is acting for Citibank, Richards Butler for Korean Development Bank, Millbank for Asiana and Kim & Chang for Ex-Im Bank Korea. "Even under the credit crunch of the global financial market, Asiana has successfully closed the aircraft financing at a very competitive price," says Jae Hyung Choi, senior manager finance team, "which will contribute to our stable operation and high-quality service in flight."