Finance

Avolon reduces interest rate in extension and consolidation of $2.3 billion term loan B facility

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Avolon reduces interest rate in extension and consolidation of $2.3 billion term loan B facility

Avolon has consolidated the $656 million TLB-5 and $1.68 billion TLB-6 tranches of its senior secured Term Loan B facility into one $2.33 billion TLB-6 tranche. The combined TLB-6 is priced at the Standard Secured Overnight Financing Rate (SOFR) plus 2% with a SOFR floor of 0.5%; representing a redu...

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