Avolon has issued two large bond offerings to partially finance its acquisition of CIT via its wholly owned subsidiary company, Park Aerospace Holdings. The $1.75bn five year senior notes priced at 5.25% on Friday, with the $1.25bn seven year notes pricing at 5.50%. The notes will be fully and unconditionally guaranteed by Avolon. The offering is expected to close on or about February 3, 2017, subject to customary closing conditions. Avolon will use the net proceeds from the offering, together with cash on hand, new equity contributed by indirect parent company, Bohai Capital Holding, and $5.5bn of borrowings under a
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