By William Gullotti and Cristal Cody
Buffalo, N.Y., May 2 – Pricing details emerged for Avolon Holdings Funding Ltd.’s $750 million sale of 6.375% senior notes due 2028 on Monday, according to information provided by a market source on Tuesday.
The issuer is a subsidiary of Avolon Holdings Ltd.
The notes priced with a spread of 300 basis points over Treasuries, under initial talk in the Treasuries plus 337.5 bps area.
BNP Paribas, Deutsche Bank, FITB, JPMorgan and MUFG were the bookrunners.
Proceeds of the Rule 144A and Regulation S offering will be used for general corporate purposes, including repayment of existing debt.
The aircraft leasing company is based in Dublin.
| Issuer: | Avolon Holdings Funding Ltd.
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| Guarantors: | Avolon Holdings Ltd. and certain subsidiaries
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| Amount: | $750 million
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| Issue: | Senior notes
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| Maturity: | May 4, 2028
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| Bookrunners: | BNP Paribas, Deutsche Bank, FITB, JPMorgan and MUFG
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| Coupon: | 6.375%
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| Spread: | Treasuries plus 300 bps
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| Pricing date: | May 1
|
| Settlement date: | May 4
|
| Distribution: | Rule 144A and Regulation S
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| Initial talk: | Treasuries plus 337.5 bps area
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