Avolon has announced the pricing of a private offering by Avolon Holdings Funding Limited, its wholly owned subsidiary, for a principal aggregate amount of $750 million of 6.375% senior unsecured notes due 2028.
The notes will be fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries, with the offering expected to close "on or about 4 May 2023" and subject to customary closing conditions, the company said, with the offering to be "used for general corporate purposes, which may include the future repayment of outstanding indebtedness".
Avolon said the notes will not be registered under the 1933 US Securities Act, as amended, or any state securities law and may not be offered or sold in the US "absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws".
The notes will be offered in the US "only to qualified institutional buyers under Rule 144A of the Securities Act and outside the United States under Regulation S of the Securities Act".