Editorial Comment

Avolon issues two jumbo bonds to part finance CIT acquisition

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Avolon issues two jumbo bonds to part finance CIT acquisition

Avolon has issued two large bond offerings to partially finance its acquisition of CIT via its wholly owned subsidiary company, Park Aerospace Holdings. The $1.75bn five year senior notes priced at 5.25% on Friday, with the $1.25bn seven year notes pricing at 5.50%. The notes will be fully and uncon...

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