Avolon, a number one global aviation finance company, publicizes the extension and upsizing of its unsecured revolving credit score facility, supported by a syndicate of 25 banks.
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The flexibility’s maturity date has been extended 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 path of 2024.
This transaction brings to US$12 billion the total capital raised by Avolon One year to this level, of which 75% was raised from unsecured sources.
Ross O’Connor, Avolon CFO, commented: “The staunch strengthen from our banking partners for this transaction shows the energy of Avolon’s franchise and clear monetary performance trajectory”.
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“The flexibility maintains Avolon’s excessive levels of liquidity, providing us with additional flexibility and a costefficient ingredient of our funding strategy. Increasing the proportion of unsecured debt in our capital construction will present additional momentum towards reaching our aim of increased credit score rankings.”
