Avolon Holdings Limited has revealed early results for its debt tender offers , targeting 2.528pc Senior Notes due 2027, with €1.73 billion tendered by the 17 September deadline.
The Maximum Tender Cap was increased from €703 million to €938 million, but only the 2.528pc Notes are expected to be purchased due to exceeding this cap. Notes tendered by the early deadline will settle on 22 September 2025, with proration likely for the 2.528pc Notes, and no further tenders accepted post-deadline.
Total Consideration for accepted notes will be calculated using a fixed spread over the yield of a Reference Security, plus accrued interest,. The offers are subject to conditions outlined in the Offer to Purchase, with Avolon reserving the right to amend or terminate them before the 2 October 2025 expiration.
Avolon representative shared: “The Offeror has increased the maximum aggregate purchase price of the Notes from the previously announced amount of €703 million to €938 million. The Total Consideration, plus Accrued Interest, for Notes validly tendered and accepted for purchase will be paid in same-day funds on the Early Settlement Date.”
