AviLease, a PIF subsidiary, closes a $1.5 billion revolving facility

AviLease, the aircraft finance and leasing company of the Public Investment Fund, announced the signing of a $1.5 billion unsecured revolving credit facility.

The three-year revolving credit facility was well-received and attracted participation from 20 leading banks worldwide, including eight new banking partners from Europe, Asia, and North America.

“The successful signing and closing of the revolving credit facility is particularly significant, reflecting strong international demand,” said Edward O’Brien, CEO of AviLease. “This facility, combined with our existing $750 million revolving credit facility, will bring the total available revolving facilities to $2.25 billion, encompassing 25 local and international financial institutions.” He explained that this cash flow will enable the company to continue its expansion plans, invest in the latest, most fuel-efficient aircraft, and maintain the conservative financial policy that supports its strategy.