Avolon upsizes TLB

Avolon has successfully priced a $675 million Term Loan B facility (TLB). The facility, which has a maturity date of December 2027, has been priced at LIBOR plus 2.50% with a LIBOR floor of 0.75%, and is subject to an Original Issue Discount (OID) of 99.00 Deutsche Bank and JPMorgan are bookrunners and joint lead arrangers, with BNP Paribas, Credit Agricole and MUFG as joint lead arrangers.