Bank syndicate led by DVB Bank SE completed a US$302 million financing of a 32 aircraft portfolio for LATAM Airlines Group
Frankfurt/Main, 22 August 2018 – A bank syndicate led by DVB Bank SE (DVB) , the international transport finance specialist, successfully closed the financing of 12 Airbus A319-100, 15 Airbus A320-200, 4 Boeing 767-300ERF and 1 Boeing 767-300ER for LATAM Airlines Group. The syndicate consisted of the following institutions: DVB Bank (Structuring Agent, Joint Lead Arranger, Underwriter & Agent), BNP Paribas (Joint Lead Arranger & Underwriter), Airbus Bank (Co-arranger & Underwriter), Sumitomo Mitsui Banking Corporation (Co- arranger & Underwriter) and The Korea Development Bank (Co-arranger & Underwriter).
About LATAM Airlines Group LATAM Airlines Group is Latin America’s leading airline group with one of the largest route networks in the world, offering air services to around 140 destinations in 25 countries, and present in six domestic markets: Argentina, Brazil, Chile, Colombia, Ecuador and Peru, in addition to its international operations in Latin America, Europe, the United States, the Caribbean, Oceania and Africa. The Group employs over 42.000 people worldwide, operating more than 1,300 flights per day and transporting 67 million passengers per year. Its young and modern fleet of 314 aircraft average an age of around seven years and feature the latest models including the Boeing 787, Airbus A350, A321 and A320neo. Further financial information is available via www.latamairlinesgroup.net
About DVB Bank SE DVB Bank SE, headquartered in Frankfurt/Main, Germany, is specialised in the international transport finance business. The Bank offers integrated financing solutions and advisory services in respect of Shipping Finance, Aviation Finance and Land Transport Finance. DVB is present at all key international financial centres and transport hubs: at its Frankfurt/Main head office, as well as various European locations (Amsterdam, Athens, Hamburg, London and Oslo), plus offices in the Americas (New York City and Curaçao) and in Asia (Singapore and Tokyo). The Bank is an affiliate of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, and therefore belongs to Germany's second-largest banking group. Further information is available on www.dvbbank.com.
About BNP Paribas BNP Paribas is a leading bank in Europe with an international reach. It has a presence in 73 countries, with more than 196,000 employees. The Group has key positions in its three main activities: Domestic Markets and International Financial Services and Corporate & Institutional Banking. The Group helps all its clients to realize their projects through solutions spanning financing, investment, savings and protection insurance. With over than 150 client relationships and more than 30 years of expertise, BNPP is a long-term partner of the aviation industry assisting airlines, operating lessors and investors in providing the full range of relevant Aviation Financing from standard debt to innovative structures fully integrated within our broader corporate banking and capital markets franchise. https://group.bnpparibas/en/
1 About Airbus Bank Airbus Bank GmbH is a fully owned subsidiary of the global aeronautics leader Airbus SE and active since 2014. It offers specialized financing solutions in the aerospace industry (asset based, corporate and supplier financing), with a special focus on all Airbus Group’s products.
About Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Banking Corporation is a Japanese banking corporation, and a wholly owned banking subsidiary of Sumitomo Mitsui Financial Group (SMBC Group). The Americas Division of SMBC Group has offices and subsidiaries in New York, Houston, Los Angeles, Silicon Valley, San Francisco, Chicago, Dallas, Toronto, Bogota, Leon, Lima, Mexico City, Santiago, and Sao Paulo, and provides a broad range of financial products and services through its international network.
About The Korea Development Bank (“KDB”) The Korea Development Bank, based in Seoul, is the largest government policy bank in Korea. KDB offers its clients with a broad range of financial products and services with its expertise in corporate banking, investment banking, and corporate restructuring. In Aviation Finance, the Bank offers diverse financing solutions to both global airlines as well as lessors. KDB is by far the most active and largest financiers of the sector in Korea and plans to further expand its international client base in Americas and Europe. KDB currently has Aviation Finance Desks, fully dedicated to deal origination, in Singapore and London. More information is available on www.kdb.co.kr
Contact: Elisabeth Winter Head of Group Corporate Communications Managing Director Phone: +49 69 9750 4329 E-mail: [email protected]
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