Avolon, a leading global aviation finance company, announces the extension and upsizing of its unsecured revolving credit facility, supported by a syndicate of 25 banks.
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The facility’s maturity date has been extended by two and a half years from April 2026 to October 2028, and upsized by US$1 billion to US$5.8 billion over the course of 2024.
This transaction brings to US$12 billion the total capital raised by Avolon year to date, of which 75% was raised from unsecured sources.
Ross O’Connor, Avolon CFO, commented: “The strong support from our banking partners for this transaction reflects the strength of Avolon’s franchise and positive financial performance trajectory”.
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“The facility maintains Avolon’s high levels of liquidity, providing us with further flexibility and a costefficient component of our funding strategy. Increasing the proportion of unsecured debt in our capital structure will provide further momentum towards achieving our goal of higher credit ratings.”
