King & Wood Mallesons (KWM) acted for Minsheng Financial Leasing (MSFL) on its acquisition of four aircraft from China Development Bank Financial Leasing and refinancing of the acquisition with Crédit Agricole CIB, as mandated lead arranger, facility agent and security trustee and Korea Development Bank, as arranger.
The portfolio acquisition, with leases attached to an Indian airline, was completed in January 2017 whereas the refinancing completed in May 2017.
Lead lawyer on the acquisition and refinancing, Hong Kong based Counsel, Tejaswi Nimmagadda, commented: "Our unique capabilities to assist clients on China outbound transactions goes hand-in-hand with China's Belt and Road Initiative. We are delighted to work with MSFL on this important transaction as they continue to expand their offshore aircraft leasing portfolio."
The KWM team was led by Tejaswi Nimmagadda with support from Kelvin Zha and Helen Shum on the acquisition and Jack Nelson and Yinny Liu on the refinancing.
