Avolon has closed a new $455 million unsecured revolving credit facility, backed by a syndicate of five banks primarily based in the Middle East, as it continues to diversify its funding sources.
The dual-tranche facility includes both conventional and Islamic financing components and carries a five-year tenor. Emirates NBD Capital acted as coordinator, initial mandated lead arranger and bookrunner, while Dubai Islamic Bank served as senior Islamic mandated lead arranger.
Standard Chartered Bank participated as mandated lead arranger, with Emirates Islamic Bank and Al Ahli Bank of Kuwait acting as lead arrangers, and Sharjah Islamic Bank as arranger.
The transaction gives Avolon access to new liquidity pools in the region, where lenders are showing growing appetite for aviation financing. The company said the deal brings its total unsecured financing raised in 2026 to $2.5 billion across public and private markets.
Chief financial officer Ross O’Connor said the facility represents “another step forward in the continued expansion of Avolon’s global funding platform,” adding that securing long-term capital from Middle Eastern banks reflects “the strength of our credit proposition and the confidence lenders have in our strategy.”