Avolon, a number one world aviation finance firm, announces the extension and upsizing of its unsecured revolving credit facility, supported by a syndicate of 25 banks.
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The skill’s maturity date has been prolonged by two and a half of 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 365 days to this point, of which 75% used to be raised from unsecured sources.
Ross O’Connor, Avolon CFO, commented: “The solid enhance from our banking partners for this transaction reflects the energy of Avolon’s franchise and obvious financial performance trajectory”.
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“The skill maintains Avolon’s high ranges of liquidity, providing us with extra flexibility and a costefficient a part of our funding plot. Increasing the proportion of unsecured debt in our capital structure will provide extra momentum towards reaching our purpose of better credit ratings.”
