Avolon Holdings Limited announced the repricing and two-year extension of its US$2.33bn senior secured Term Loan B-6 facility, now maturing on June 22, 2030.
The facility has been repriced to SOFR plus 1.75pc from 2.00pc, with a SOFR floor of 0.50pc and an original issue discount (OID) of 99.875.
The transaction received strong support from Avolon’s extensive lender base, demonstrating confidence in the company’s financial strategy.
Ross O’Connor, Chief Financial Officer, Avolon shared: “We are very pleased to have successfully extended the maturity of our US$2.3 billion Term Loan B-6 to June 2030, and to have repriced the facility downwards for the second time in 12 months, with a cumulative reduction of 75bps from the original margin. The transaction was well supported by our broad lender base and is consistent with our strategy to actively manage our balance sheet.”
