LONDON – Milbank, Tweed, Hadley & McCloy LLP has advised SMBC Aviation Capital Limited on a debut $500 million investment grade debt offering by its wholly owned subsidiary, SMBC Aviation Capital Finance DAC. The notes are fully and unconditionally guaranteed by SMBC Aviation Capital Limited and proceeds of the offering will be used for general corporate purposes, which may include the purchase of aircraft and the repayment of existing indebtedness.
The initial purchasers were Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc. and Credit Agricole Securities (USA) Inc., led by Citigroup.
The cross-practice Milbank team was led by New York Capital Markets partner Arnie Peinado and London Capital Markets partner Stuart Morrissy and associates Meredith Hines and Nina van Limburg Stirum. The Milbank team also included Tax partner Andrew Walker and associates Jules Mugema and Luke Vassay and Transportation and Space partner Dara A. Panahy and associate Bijan Ganji.
