Avolon Holdings Funding revealed early tender results for its cash purchase offers for specific senior notes, with €1.72bn of 2.528pc Senior Notes due 2027 tendered by the Early Tender Deadline on 17 September 2025.
The Maximum Tender Cap for the offers was increased from €700 million to €932 million, with no changes to other terms.
Only the 2.528pc Notes are expected to be accepted due to the high tender volume exceeding the cap, with proration likely applied.
Notes tendered after the Early Tender Deadline are not expected to be accepted, with the offers set to expire on 2 October 2025.
Total Consideration for accepted notes will be calculated based on a fixed spread over the yield of a reference security, with payment including Accrued Interest on 22 September 2025.
In a written statement, Avolon Holdings Funding shared: “The Offeror has increased the maximum aggregate purchase price (excluding Accrued Interest) of the Notes that it intends to purchase in the Offers from the previously announced amount of $750,000,000 to $1,000,000,000.”
“The amounts of each Series of Notes that are accepted for purchase in each Offer will be determined in accordance with the priorities identified in the column ‘Acceptance Priority Level’ in the table.”
