AVOLON REDUCES INTEREST RATE IN EXTENSION AND CONSOLIDATION OF US$2.3 BILLION TERM LOAN B FACILITY

Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, announces the consolidation of the US$656 million TLB-5 tranche and US$1.68 billion TLB-6 tranche of its senior secured Term Loan B facility (the ‘Facility’) into one US$2.33 billion TLB-6 tranche.

The combined TLB-6 priced at SOFR plus 2.00% with a SOFR floor of 0.50%, a reduction from the TLB-5 pricing of SOFR plus 2.35% (2.25% margin + 0.10% Credit Spread Adjustment) and the TLB-6 pricing of SOFR plus 2.50%.

As a result of the consolidation, the maturity of the TLB-5 tranche was also effectively extended from December 2027 to June 2028.

AVALON RECEIVES SHAREHOLDER APPROVAL FOR ORDERS FOR 140 AIRCRAFT

Avolon, a leading global aviation finance company, announces that its orders for 100A321neo aircraft from Airbus and 40 737 MAX aircraft from Boeing are now unconditional, following their approval by the shareholders of Bohai Leasing Co., Ltd., Avolon’s 70% shareholder.

The orders were first announced on 12 December 2023 and details can be found here.

Tags: Avolon Holdings Limited (‘Avolon’)