#Japan #Tokyo #MUFG #Aviation finance #Willis Mitsui

MUFG Secures a $750 Million Credit Facility

Mitsubishi UFJ Financial Group (MUFG), recognized as one of the top 10 global financial entities, has achieved a significant milestone by successfully closing a $750 million senior secured revolving credit facility for the Willis Mitsui Co. Engine Support Limited. This joint venture, established between Willis Lease Finance Corporation (WLFC) and Mitsui Co., Ltd., marks its inaugural credit facility, highlighting MUFG's expertise in aviation finance.

A Landmark Deal

The closing of this major transaction represents a pivotal moment not only for MUFG but also for the aviation finance sector. Acting in multiple capacities, including Structuring Agent, Administrative Agent, Joint Lead Arranger, and Joint Bookrunner, MUFG is set to support the operations of Willis Mitsui Co. Engine Support Limited, which focuses on acquiring, leasing, and trading aircraft engines.

According to Aqmar Chowdhury, Director of Aviation Origination for the Americas at MUFG, “We are pleased to have led and supported the establishment of this inaugural revolving credit facility. We look forward to witnessing the continued growth of this joint venture in the coming years.”

Enhancing Financial Flexibility

Hagen S. Disch, Treasurer at WLFC, expressed satisfaction over the successful arrangement of this new revolving credit facility. He noted that it not only enhances their financial flexibility but also underscores the confidence their lenders have in their joint venture.

Akira Kaido, Chairperson and Director of WMES, added further excitement about the facility, indicating that it aligns strategically with the company's growth initiatives. “This announcement comes soon after our acquisition of Willis Mitsui Co. Asset Management Limited in June and will enable us to swiftly capitalize on new opportunities,” Kaido stated.

The Joint Venture at a Glance

Willis Mitsui Co. Engine Support was established in 2011, split evenly between WLFC and Mitsui. With its headquarters in Dublin, the venture benefits from the robust experience of both parent companies and is poised for significant expansion in the aviation market.

About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) boasts over 360 years of history and stands as a leader in the global financial landscape. Headquartered in Tokyo, the group operates an extensive network, comprising about 2,000 locations across more than 40 countries. With around 150,000 employees, MUFG provides a range of services, from commercial banking to leasing. Their mission focuses on becoming the most trusted financial institution worldwide, cultivated through collaboration among its operating companies.

In the Americas, MUFG is predominantly organized under MUFG Bank, Ltd., offering comprehensive corporate and investment banking services. MUFG ranks as one of the largest internationally headquartered financial institutions in the region.

In conclusion, this credit facility lays a strong foundation for the ongoing and future growth of the Willis Mitsui joint venture, ensuring that it can navigate the complexities of the aviation finance environment with the agility and support necessary for success.