By Wendy Van Sickle
Columbus, Ohio, Jan. 13 – Avolon Holdings Ltd. subsidiary Avolon Holdings Funding Ltd. (Baa3/BBB-/BBB-) priced a $1.5 billion two-part offering of senior notes on Wednesday, according to a news release.
The company sold $750 million of 2.125% notes due Feb. 15, 2026 and $750 million of 2.75% notes due Feb. 15, 2028.
Additional pricing details were not immediately available.
Barclays, J.P. Morgan Securities LLC, Natixis Securities Americas LLC, SG Americas Securities, LLC and Wells Fargo Securities LLC were the bookrunners.
The notes are fully and unconditionally guaranteed by the parent company and certain subsidiaries.
Proceeds of the Rule 144A and Regulation S offering will be used for general corporate purposes, including repayment of existing debt.
The aircraft leasing company is based in Dublin.
| Issuer: | Avolon Holdings Funding Ltd.
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| Guarantors: | Avolon Holdings Ltd. and certain subsidiaries
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| Amount: | $1.5 billion
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| Description: | Senior notes
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| Bookrunners: | Barclays, J.P. Morgan Securities LLC, Natixis Securities Americas LLC, SG Americas Securities, LLC and Wells Fargo Securities LLC
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| Trade date: | Jan. 13
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| Settlement date: | Jan. 21
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| Ratings: | Moody’s: Baa3
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| S&P: BBB-
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| Fitch: BBB-
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| Distribution: | Rule 144A and Regulation S
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| Notes due 2026
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| Amount: | $750 million
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| Maturity: | Feb. 15, 2026
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| Coupon: | 2.125%
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| Notes due 2028
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| Amount: | $750 million
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| Maturity: | Feb. 15, 2028
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| Coupon: | 2.75%
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