The facility priced at SOFR plus 1.75% with a SOFR floor of 0.50%

Dublin | 10 October 2024: Avolon Holdings Limited (‘Avolon’), a leading global aviation finance company, announces the repricing and extension of its US$2.33 billion senior secured Term Loan B-6 facility (the ‘Facility’)

The facility priced at SOFR plus 1.75% (from 2.00% previously) with a SOFR floor of 0.50%, and an original issue discount (OID) of 99.875. The facility’s maturity was extended by two years to 22 June 2030.

Ross O’Connor, Chief Financial Officer, Avolon commented: “We are very pleased to have successfully extended the maturity of our US$2.3 billion Term Loan B-6 to June 2030, and to have repriced the facility downwards for the second time in 12 months, with a cumulative reduction of 75bps from the original margin. The transaction was well supported by our broad lender base and is consistent with our strategy to actively manage our balance sheet.”