Cases & Deals

ING Capital completes payoff of Korean Air Lines loan

Clients ING Capital LLC

Jones Day represented ING Capital LLC in connection with the payoff of a loan transaction guaranteed by the Export-Import Bank of the United States by which Citibank, as the facility agent and guaranteed lender, extended a loan to Korean Air Lines. ING Capital LLC subsequently acquired Citibank's rights as guaranteed lender. The loan was secured by Korean Air's rights in three Boeing model 777 aircraft and three Boeing model 747 aircraft.