SMBC Aviation Capital closes USD600 million syndicated financing

-High level of over subscription reflects market confidence in company growth strategy-

Dublin, April 6th 2018: SMBC Aviation Capital today announced that it has closed a USD600 million syndicated financing transaction comprising a USD200 million term loan and a USD400 million revolving credit facility with a consortium of primarily Asian banks. The transaction generated strong interest from the banking market resulting in a high level of over subscription reflecting SMBC Aviation Capital's status as one of the industry's highest rated, Investment Grade aircraft lessors.

Citi acted as the Global Co-ordinator while 8 banks including Citi, Australia and New Zealand Banking Group Limited, Apple Bank, Bank of China, Cathay United Bank, Maybank, Oversea-Chinese Banking Corporation Limited and Westpac acted as Mandated Lead Arrangers and Bookrunners on the 5 year facilities. The general syndication that was launched to a limited set of investors is ongoing. The proceeds from the transaction will be used for general corporate purposes.

"The level of interest in this transaction further demonstrates the market's confidence in our business and our commitment to diversifying our funding sources. We are delighted to broaden our relationships with some of the leading banks in both the Asia Pacific region and in aviation generally. Together with our corporate bond programme and ongoing shareholder support, this will underpin the delivery of our future growth" .

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For more information please contact:

Ben Griffiths/Selene Alford, Powerscourt: +44 7753 464 637 / +353 87 642 8844

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