Avolon has priced $800 million aggregate principal amount of 5.25% senior notes due 2024. Avolon has also priced a private offering by its wholly owned subsidiary, Park Aerospace Holdings, of $300 million aggregate principal amount of 5.25% senior notes maturing 2022 at an offering price of 101.375%, adding to a previous issue in January 2017 of $1.75bn of 5.25% notes maturing 2022. The notes will be fully and unconditionally guaranteed by Avolon, and is expected to close on March 1, 2019. The notes were rated BBB by Kroll Bond Rating Agency (KBRA).

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