Avolon Holdings gets $500 million three-year unsecured term loan

By Sara Rosenberg

New York, March 19 – Avolon Holdings Ltd. closed on a $500 million three-year unsecured term loan, according to a news release.

Natixis and Sumitomo Mitsui Trust Bank acted as the joint mandated lead arrangers, underwriters and bookrunners for the deal.

During syndication, the term loan was upsized from $300 million due to oversubscription.

Proceeds will be used for general corporate purposes, which may include the future repayment of outstanding secured debt.

Avolon is an Ireland-based provider of aircraft leasing and lease management services.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.