Avolon announces pricing of US$10 billion senior unsecured notes offering

Aerospace, Aviation, Business, Economy | Sat 8 Sep | Author – Business & Finance
Kate O’Connell (TD for Dublin Bay South), An Taoiseach Leo Varadkar with Avolon President and Chief Commercial Officer John Higgins, and Avolon CEO Dómhnal Slattery at Avolon’s new Dublin HQ opening. Photo: Robbie Reynolds.

Avolon Holdings Limited, the international aircraft leasing company, announced the pricing of a private offering by its wholly owned subsidiary, Avolon Holdings Funding Limited, of US$1.0 billion aggregate principal amount of 5.125% Senior Notes due 2023 at par. The Notes will be fully and unconditionally guaranteed by Avolon and by certain of its subsidiaries. The Offering is expected to close on or about 17 September 2018, subject to customary closing conditions.

Avolon intends to use the net proceeds from the Offering for general corporate purposes, which may include the future repayment of outstanding indebtedness.

The Notes will not be registered under the U.S. Securities Act of 1933, as amended or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The Notes will be offered in the United States only to qualified institutional buyers under Rule 144A of the Securities Act and outside the United States under Regulation S of the Securities Act.