By Cristal Cody
Chicago, Nov. 8 – BOC Aviation (USA) Corp. returned to the primary market on Tuesday to raise an additional $150 million in a tap of its recently priced 5.75% notes due 2028, according to a market source.
The add-on brings the issue size to $650 million outstanding.
The notes priced on top of guidance at Treasuries plus 130 basis points.
The spread is the same as the original deal.
The same bookrunners sold the additional $150 million, BOC, Citi, Goldman Sachs and HSBC.
Parent company BOC Aviation Ltd. is a global aircraft leasing company based in Singapore.
| Issuer: | BOC Aviation (USA) Corp.
|
| Amount: | $150 million add-on
|
| Issue: | Category 2 senior notes
|
| Maturity: | Nov. 9, 2028
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| Bookrunners: | BOC, Citi, Goldman Sachs and HSBC
|
| Coupon: | 5.75%
|
| Spread: | Treasuries plus 130 bps
|
| Trade date: | Nov. 7
|
| Guidance: | Treasuries plus 130 bps
|
| Total amount outstanding: | $650 million
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