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Avolon extends US$4.75bn Term Loan B facility to 2025 and reduces margin to 200bps

Avolon Holdings, the international aircraft leasing company, has reported the re-pricing and extension of its senior secured US$4.75bn Term Loan B facility.

The Facility has now been extended from an original maturity of April 2022 to January 2025 and has been repriced at LIBOR plus 2.00% with a LIBOR floor of 0.75%, subject to an Original Issue Discount (OID) of 99.75.

In conjunction with this repricing Avolon repaid US$214m of the original facility, bringing the outstanding balance to US$4.75bn.

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