The firm has advised SMBC Aviation Capital Limited on a second $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 J.P. Morgan Securities LLC, Citigroup Global Markets Inc., Crédit Agricole Securities (USA) Inc., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC and SMBC Nikko Securities America, Inc., led by J.P. Morgan.
The Milbank team was led by Capital Markets partner Stuart Morrissy and associates Meredith Hines and Azzurra Camillieri.
