- Region: North America
- Marine and Aerospace
- Overseas Investment Loans
The Japan Bank for International Cooperation (JBIC, Governor: MAEDA Tadashi) signed today a loan agreement amounting to USD270 million (JBIC portion) with Tokyo Century Corporation (Tokyo Century). The loan is provided under JBIC’s Growth Investment Facility*1 and is co-financed with Mizuho Bank, Ltd., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Limited, and the Norinchukin Bank, bringing the total co-financing amount to USD450 million.
This loan is intended to provide part of the necessary funds for the aircraft leasing business in the United States operated by Tokyo Century’s local subsidiary Aviation Capital Group LLC (ACG).
Tokyo Century plans to continue to focus on developing its aircraft-related business as a field for which growth is forecast and completed its acquisition of the entire interest in ACG in December 2019, aiming to expand revenue opportunities for the business. This loan will support Tokyo Century’s business in the United States and will contribute to maintaining and strengthening the international competitiveness of Japanese industry.
As Japan’s policy-based financial institution, JBIC will continue to support the overseas business expansion of Japanese companies by drawing on its various financial facilities and schemes for structuring projects and performing its risk-assuming function.