Avolon Reprices and Extends US$2.3 Billion Term Loan B Facility

DUBLIN--(BUSINESS WIRE)--Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, announces the repricing and extension of its US$2.33 billion senior secured Term Loan B-6 facility (the ‘Facility’)

The facility priced at SOFR plus 1.75% (from 2.00% previously) with a SOFR floor of 0.50%, and an original issue discount (OID) of 99.875. The facility’s maturity was extended by two years to 22 June 2030.

Ross O’Connor, Chief Financial Officer, Avolon commented: “We are very pleased to have successfully extended the maturity of our US$2.3 billion Term Loan B-6 to June 2030, and to have repriced the facility downwards for the second time in 12 months, with a cumulative reduction of 75bps from the original margin. The transaction was well supported by our broad lender base and is consistent with our strategy to actively manage our balance sheet.”

About Avolon

Avolon is a leading global aviation finance company connecting capital with customers to drive the transformation of aviation and the economic and social benefits of global travel. We pride ourselves on our deep customer relationships, our collaborative team approach, and our fast execution. We invest with a long-term perspective, diversifying risk and managing capital efficiently to maintain our strong balance sheet. Working with 141 airlines in 62 countries, Avolon has an owned, managed, and committed fleet of 1,137 aircraft as of 30 September 2024 on a pro forma basis including the proposed acquisition of Castlelake Aviation Limited. www.avolon.aero

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