Avolon gives final numbers regarding cancellation of certain notes

Chicago, Aug. 19 – Avolon Holdings Ltd. wholly owned subsidiaries Avolon Holdings Funding Ltd. and Park Aerospace Holdings Ltd. gave notice of the ultimate final amounts of notes it repurchased as a result of its exchange offers in an announcement.

The final numbers were the following:

• $744,387,000 of the $744,401,000 tendered of the $1,234,023,000 of 5.25% notes due Aug. 15, 2022 (Cusips: 70014LAA8, G6935LAA1) issued by Park with pricing based on the 1.75% Treasury note due July 15, 2022 plus 50 basis points equal to $862.25 of new notes with $180 in cash for a total exchange price of $1,042.25;

• $310,595,000 of the $310,597,000 tendered of the $414.58 million of 5.5% notes due Jan. 15, 2023 (Cusips: 05401AAA9, G0686BAA7) issued by Avolon Holdings Funding;

• All of the $554,956,000 tendered of the $993,675,000 of 5.125% notes due Oct. 1, 2023 (Cusips: 05401AAB7, G0686BAB5) issued by Avolon Holdings Funding with pricing based on the 0.125% Treasury note due July 31, 2023 plus 74 bps for a total exchange price of $1,084.27; and

• All of the $419,727,000 accepted, or 72.05%, of the $582,735,000 tendered of the $1,192,644,000 of 5.5% notes due Feb. 15, 2024 (Cusips: 70014LAB6, G6935LAB9) issued by Park with pricing based on the 0.375% Treasury note due July 15, 2024 plus 75 bps for a total exchange price of $1,106.91;

The notes were repurchased and canceled on Aug. 18. The full results of the exchange offers were previously reported.

Avolon is a Dublin-based provider of aircraft leasing and lease management services.

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