Avolon reprices and extends $2.3 billion term loan facility

Avolon has repriced and extended its $2.33 billion senior term loan B-6 facility. The facility priced at SOFR plus 1.75% – down from 2% – with a SOFR floor of 0.50%. The facility also includes an original issue discount (OID) of 99.875. “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,” said Ross O’Connor, chief financial officer of Avolon. He added: “The transaction was well