Bohai Leasing Gets $1 Billion Private Loan From RRJ Capital

Bohai Leasing Co. signed a $1 billion private loan agreement with RRJ Capital, according to a person familiar with the matter, part of the group’s efforts to refinance about $2 billion debt due in September.

Private equity firm RRJ inked the deal on Saturday to provide the firm with financing via a two-year tenor and the ability to extend for one year, said the person who asked not to be named discussing private information. Loan proceeds will refinance borrowings issued by Bohai Leasing’s subsidiary Global Aircraft Leasing Co., the person added.

RRJ declined to comment. Bohai Leasing didn’t ...