Avolon raises $465 million of additional debt finance

Avolon, the aircraft leasing group, reported an additional capital raising of $465 million, bringing the total value of funds raised since May 2010 to in excess of $2.5 billion. The capital raising is the third announced by Avolon in 8 months and consists of a fully underwritten long-term debt facility (including warehouse capacity) from a consortium of three leading US banks. The transaction was led and structured by Wells Fargo Securities and the consortium includes Citi and Morgan Stanley. It is intended that proceeds will be used to fund Avolon