Avolon, a leading global aviation finance company, publicizes the extension and upsizing of its unsecured revolving credit ranking facility, supported by a syndicate of 25 banks.
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The power’s maturity date has been prolonged 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 direction of 2024.
This transaction brings to US$12 billion the entire capital raised by Avolon year so a long way, of which 75% became raised from unsecured sources.
Ross O’Connor, Avolon CFO, commented: “The sturdy toughen from our banking companions for this transaction reflects the strength of Avolon’s franchise and positive monetary performance trajectory”.
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“The power maintains Avolon’s excessive ranges of liquidity, offering us with further flexibility and a costefficient a part of our funding approach. Increasing the proportion of unsecured debt in our capital structure will provide further momentum in direction of reaching our purpose of upper credit ranking rankings.”
