Avolon has re-priced $850 million of its senior secured $2.58 billion Term Loan B facility at LIBOR plus 1.50% and is subject to an original issue discount (OID) of 99.75. The maturity of this $850 million tranche has been extended to 2027. In conjunction with this repricing, Avolon will also repay $300 million of the original facility, reducing the outstanding balance to $2.28 billion. The outstanding balance of the facility has a maturity date of January 2025 and was repriced at LIBOR plus 1.75% with a LIBOR floor of 0.75% in Q2 2019. Andy Cronin, Avolon Chief Financial Officer, commented:

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