Avolon Holdings Limited, the international aircraft leasing company, has announced the re-pricing and extension of its senior secured USD 4.75 billion Term Loan B facility, the company said.
The Facility has now been extended from an orginal maturity of April 2022 to January 2025 and has been repriced at LIBOR plus 2.00% with a LIBOR floor of 0.75%, subject to an Original Issue Discount (OID) of 99.75. In conjunction with this repricing Avolon repaid USD 214 million of the original facility, bringing the outstanding balance to USD 4.75 billion.
Headquartered in Ireland, with offices in the United States, Dubai, Singapore, Hong Kong and Shanghai, Avolon provides aircraft leasing and lease management services. Avolon is a wholly owned, indirect subsidiary of Bohai Capital Holding Co., Ltd., a Chinese public company listed on the Shenzhen Stock Exchange (SLE: 000415). Avolon is the world´s third largest aircraft leasing business with a pro-forma owned, managed and committed fleet, as of 31 March, 2018 of 903 aircraft.