Avolon reprices senior secured Term Loan B Facility

Avolon Holdings has repriced its senior secured Term Loan B Facility. The Facility, which has a maturity date of January 2025, has been repriced at LIBOR plus 1.75% with a LIBOR floor of 0.75%, subject to an Original Issue Discount (OID) of 99.875. In conjunction with this repricing, Avolon also repaid $800 million of the facility, bringing the current outstanding balance to $2.58 billion. “Following our recent milestone of achieving investment grade, we have successfully repriced our Term Loan B Facility and repaid $800 million of the facility. In a little over two years, we have repaid nearly $3 billion