Avolon has priced a private offering by its wholly owned subsidiary, Avolon Holdings Funding, of $1.5bn senior unsecured notes.
The offering comprises $850 million of 4.950% senior unsecured notes due 2028 and $650 million of 5.150% senior unsecured notes due 2030. The notes will be fully and unconditionally guaranteed by Avolon, and by certain of its subsidiaries. The offering is expected to close on or around December 12, 2024.
Avolon plans to use the net proceeds for general corporate purposes, which may include the future repayment of indebtedness.