Avolon has raised $1bn in a new unsecured dual tranche bank facility with a syndicate of six banks in the Middle East.
The facility will contain a conventional and an Islamic tranche, with a four year tenor.
The transaction builds upon the $750 million credit facility Avolon raised in June 2024, which had significant Middle East bank participation, and establishes relationships with five new banks in the region.
“This facility further expands our banking relationships in the Middle East consistent with our strategy of diversifying our sources of capital,” said Avolon chief financial officer Ross O'Connor. “It demonstrates the strong appetite in the region for high quality aviation lending opportunities, with Avolon's positive financial trajectory and successful growth strategy ensuring the transaction was well supported.”
Emirates NBD Capital acted as coordinator, initial mandated lead arranger, and bookrunner on the transaction alongside Abu Dhabi Commercial Bank and Warba Bank as initial mandated lead arrangers and bookrunners.
Combined with the $1.1bn senior unsecured facility from April 29, 2025, Avolon has raised $2.1bn in new unsecured facilities in the second quarter of this year.