Avolon has received shareholder approval for its orders for 100 A321neo aircraft from Airbus and 40 737 MAX aircraft from Boeing, following their approval by the shareholders of Bohai Leasing Co Ltd., Avolon’s 70pc shareholder.
Avolon Holdings Limited also announces the merger of its US656m TLB−5tranche and US1.68bn TLB-6 tranche into a single US$2.33bn TLB-6 tranche.
The new TLB-6 tranche is priced at SOFR plus 2pc with a 0.50pc SOFR floor, offering reduced rates from the previous TLB-5 and TLB-6 rates.
The maturity of the former TLB-5 tranche is effectively extended from December 2027 to June 2028 due to the consolidation.
