Avolon sets roadshow for two-part offering of bullet notes

By Paul A. Harris

Portland, Ore., Jan. 6 – Avolon Holdings Ltd. plans to start a roadshow on Jan. 17 for a two-part dollar-denominated offering of non-callable senior notes, according to syndicate sources.

Announcements as to the overall size of the offering and the tranche sizes are pending.

The Rule 144A and Regulation S for life deal will include 5.5-year notes and seven-year notes.

UBS Investment Bank and Morgan Stanley & Co. are the joint physical bookrunners.

Barclays, JPMorgan, BNP Paribas, Credit Agricole CIB and SunTrust Robinson Humphrey are the joint bookrunners.

DVB Corporate, Fifth Third Bank, Goldman Sachs & Co., Loop Capital, MUFG, NAB and RBC Capital Markets LLC are the co-managers.

Credit ratings are expected from Moody's Investors Service, S&P Global Ratings and Fitch Ratings.

Proceeds will be used to fund the acquisition of C2 Aviation Capital LLC, the commercial aircraft leasing business of CIT Group, Inc.

The issuing entity will be Park Aerospace Holdings Ltd.

Avolon is a provider of aircraft leasing and lease management services, with headquarters in Dublin and Hong Kong.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.