Avolon prices $400 million private bond offering

Avolon has priced a $400 million private offering– by its wholly owned subsidiary Avolon Holdings Funding – of senior unsecured notes due 2028 at 6.375%. The notes, which were priced at 100.296% of par value (a yield of 6.295%), are issued as additional notes under the previous issuance in May of $750 million 6.375% senior unsecured notes due 2028. The offering is expected to close on or about 8 December 2023, with net proceeds to be used for general corporate purposes, which may include the future repayment of outstanding indebtedness.